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Bhagvati Banquets And Hotels Ltd vs Dy. Commissioner Of Income Tax on 6 July, 2017

seen that assessee has charged the profit and  loss   account   with   IPO   expense   written   off   to   the   tune   of   Rs.1,17,14,943/­   being ... incurred   for   setting   up   a   new   hotel   at  Surat.   Thus,   the   IPO   expense   incurred   by   the   assessee   is   in   capital   nature   and   not  deductible   under
Gujarat High Court Cites 20 - Cited by 0 - B Vaishnav - Full Document
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