TMI BlogAllowability of bond issue expenses - The expenses are having definite role in reorganizing the company...Allowability of bond issue expenses - The expenses are having definite role in reorganizing the company and thus played a role in enhancing the value of the company. - the bond issue expenses in the case of the assessee are not allowable u/s 37(1) of the Act as revenue expenditure - Deduction u/s 35D(1)(ii) to be examined by the AO - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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