itatonline.org Forum

Ask your queries or reply to others' queries => Discussion => Topic started by: pawansingla on January 29, 2014, 09:18:34 PM

Title: whether IPO expenses written are allowbale ?
Post by: pawansingla on January 29, 2014, 09:18:34 PM
A company sstarted the process of IPO and incurred some expenditure. However, due to some reasons ,project got aborted. the expenses incurred are being claimed by assessee as revenue expenditure.
Kindly provide your legal opinion.