Amalgamation expenses not to be allowed as business expenses ITAT, Ahemdabad in the case of Ambalal Sarabhai Enterprises Ltd vs ACIT [ ITA No 1772/Ahd/2015; Date of Order: 3/12/2024 has held that Amalgamation expenses not to be allowed as business expenses. The Ahd Tribunal ruled that amalgamation expenses could not be treated as business…
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