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Banks are allowed to claim share issue expenses as preliminary expenses

January 30, 2019[2019] 102 taxmann.com 442 (Kerala)/[2019] 261 Taxman 521 (Kerala)/[2019] 410 ITR 280 (Kerala)
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IT: Assessee bank extending financial services, would be entitled to amortisation of preliminary expenses in connection with issue of shares for public subscription

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