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High Court Confirms Eligibility for Amortization of Euro Issue Expenses u/s 35-D, Equating "Expansion" with "Extension.
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....Assessee's entitlement for amortization u/s 35-D - expenses related to the 'Euro issue' - the word "expansion" in relation to industrial activity gives the meaning as "extension" - this warrants the eligibility of the assessee to amortise certain preliminary expenses - HC....