https://www.taxtmi.com/caselaws?id=342005 The Supreme Court allowed the appeal, setting aside the High Court's order and held that the disallowance of preliminary expenditure on the public issue under Section 143(1)(a) of the Income Tax Act was incorrect. The Court clarified that such expenses should be treated as capital expenditure based on precedents and the jurisdiction of the Gujarat High Court. en-us Tue, 28 Mar 2017 00:00:00 +0530 Sat, 17 Jun 2017 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342005 The Supreme Court allowed the appeal, setting aside the High Court's order and held that the disallowance of preliminary expenditure on the public issue under Section 143(1)(a) of the Income Tax Act was incorrect. The Court clarified that such expenses should be treated as capital expenditure based on precedents and the jurisdiction of the Gujarat High Court. Case-Laws Income Tax Tue, 28 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342005