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whether IPO expenses written are allowbale ?

Started by pawansingla, January 29, 2014, 09:18:34 PM

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pawansingla

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.
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