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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Share issue expenses - Even though the assessee stated that this ...

Income Tax

October 4, 2013

Share issue expenses - Even though the assessee stated that this expenditure was incurred so as to improve the cash availability, yet, the fact remains that the expenditure incurred was only for the purpose of expansion of the capital base - held as capital in nature - HC

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