Functional comparability under TNMM supported exclusion of ITeS comparables with R&D, intangibles, diversified operations, or unavailable segmental da...
Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Allowance of expenditure in respect of preliminary expenses under section 35D - an apparent extension or expansion must take place by establishing new undertaking - The expansion in the present case is acquisition of existing undertaking. Therefore, we find that the expenditure incurred by the assessee-company in connection with the issue of shares do not qualify to be amortised under section 35D - AT
Allowance of expenditure in respect of preliminary expenses under section 35D - an apparent extension or expansion must take place by establishing new undertaking - The expansion in the present case is acquisition of existing undertaking. Therefore, we find that the expenditure incurred by the assessee-company in connection with the issue of shares do not qualify to be amortised under section 35D - AT
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