TMI BlogAllowability of expenses u/s 48 - expenses incurred in IPO - assessee being major shareholder sold his...Allowability of expenses u/s 48 - expenses incurred in IPO - assessee being major shareholder sold his 50% holding agreed to share cost of IPO though there was no precondition - reimbursement of IPO expenses was decided in the board meeting and after taking the report/opinion from the chartered accountant - expenses were incurred wholly and exclusively in connection with the transfer of the shares - held allowable ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
