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![Preliminary Expenditure incurred on Public Issue is Capital in Nature, Not Deductible from Income Tax: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Preliminary Expenditure incurred on Public Issue is Capital in Nature, Not Deductible from Income Tax: SC [Read Judgment]")
Preliminary Expenditure incurred on Public Issue is Capital in Nature, Not Deductible from Income Tax: SC [Read Judgment]
In CIT v. M/s Raghuvir Synthetic Ltd, the two-judge bench of the Supreme Court categorically held that preliminary expenditure incurred on public...