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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Setoff of public issue expenses with Interest accrued - ...

Income Tax

April 26, 2018

Setoff of public issue expenses with Interest accrued - Respondent was statutorily required to keep the share application money in the bank till the allotment of shares was complete - the interest accrued to such deposit of money in the bank is liable to be setoff against the public issue expenses - SC

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