Stamp Duty Expenses in Demerger Deductible on Payment Basis u/s 43B, Overrides Other Income Tax Provisions.

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Full Text of the Document

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....Stamp duty paid on demerger - Though section 35DD is applicable, the provisions of section 43B has an overriding effect on all other provisions of the Act, any expenditure referred to in that section shall be allowed only on payment basis - 100% expenditure allowed.....