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Share Issuance Costs in Amalgamation Qualify as Amalgamation Expenses, Deductible u/s 35DD.
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....Disallowance of share issue expenses during amalgamation u/s 35DD - there was need to increase in authorized share capital and therefore, such expenses cannot be segregated from the main amalgamation proceedings and therefore, these expenses are part of amalgamation expenses - duly allowable....