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Deduction of outgoings for purposes of computation Whether political contributions constitute outgoings within the meaning of clause (j) of sub section (4)

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....09;PR, Dated:- 8-1-1962 Circular Dated:- 8-1-1962 Circular<br>Companies Law<br>Letter : No. 8/23(349)/61&#8209;PR, dated 8&#8209;1&#8209;1962. Subject:- Deduction of outgoings for purposes of compu....

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.... 349(4) is not material since the language used therein, viz., "outgoings inclusive of..." is only illustrative and does not purport to be exhaustive. The Research Committee of the Institute of Charte....

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