https://www.taxtmi.com/caselaws?id=171934 The Court allowed the set off of interest income from share application money against share issue expenses. The disallowance under section 35D was remanded for fresh consideration. The deduction under section 80IA was to be reconsidered with detailed discussion. The issue of disallowance of shares and debentures issue expenses was remanded for evaluation on its merits. The Tax Appeal was disposed with directions for the Tribunal to revisit and decide on the specified issues in accordance with the law. en-us Tue, 18 Dec 2012 00:00:00 +0530 Tue, 11 Aug 2015 07:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171934 The Court allowed the set off of interest income from share application money against share issue expenses. The disallowance under section 35D was remanded for fresh consideration. The deduction under section 80IA was to be reconsidered with detailed discussion. The issue of disallowance of shares and debentures issue expenses was remanded for evaluation on its merits. The Tax Appeal was disposed with directions for the Tribunal to revisit and decide on the specified issues in accordance with the law. Case-Laws Income Tax Tue, 18 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171934