https://www.taxtmi.com/caselaws?id=189158 The Tribunal held that stamp duty expenditure for debenture allotment should be treated as preliminary expenses and amortized over ten years under section 35D. The expenditure for raising loans through debentures was also deemed to fall under section 35D and subject to the same treatment. The Tribunal overturned the CIT(A)'s decision, allowing only 1/10th of the expenditure as a deduction. The Revenue's appeal was successful, highlighting the primacy of specific provisions over general provisions in tax law. en-us Thu, 20 Jun 2002 00:00:00 +0530 Thu, 29 Dec 2016 15:51:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189158 The Tribunal held that stamp duty expenditure for debenture allotment should be treated as preliminary expenses and amortized over ten years under section 35D. The expenditure for raising loans through debentures was also deemed to fall under section 35D and subject to the same treatment. The Tribunal overturned the CIT(A)'s decision, allowing only 1/10th of the expenditure as a deduction. The Revenue's appeal was successful, highlighting the primacy of specific provisions over general provisions in tax law. Case-Laws Income Tax Thu, 20 Jun 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189158