If any expenditure is incurred by an Indian company wholly and exclusively for the purpose of amalgamation or demerger, the said expenditure is
Not allowable as a deduction in computing profits and gains of business or profession
Allowed as a deduction spread over five successive previous year beginning with the previous year in which the amalgamation or demerger takes place
Not deductible but is eligible to be treated as an intangible asset in respect of which depreciation can be claimed
Fully deductible as revenue expenditure in the year in which it is incurred.
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