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I.T.A. NO.636/KB OF 2005, DECIDED ON 26TH MAY, 2006 versus I.T.A. NO.636/KB OF 2005, DECIDED ON 26TH MAY, 2006


Section 23 (1) (xviii) Deduction of deductible expenses shall not be allowed to be incurred because such expenses were in the nature of initial / incurred expenses and were not admissible. But for business reasons already for the integration / consolidation of operational three moderbs and could not be considered as capital expenditures or initial expenses and which could not be capitalized in this case. The appellate tribunal was attracted by the tribunal setting aside the direction of the first appellate authority. And directed that such expenses be allowed such deductions as allowable deductions \ r \ n \ r \ n

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