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I.T.A. NO.1726/KB OF 1986-87, DECIDED ON 1ST AUGUST, 1991. versus I.T.A. NO.1726/KB OF 1986-87, DECIDED ON 1ST AUGUST, 1991.


Section 23 (1) (xviii) Definition of Initial Expenses The initial costs that are necessarily incurred for the purpose of forming a new company can be determined at the discretion of the appraiser and the amount spent on it. Plant and machinery costs can also be included

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