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Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2000 (9) TMI HC This

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2000 (9) TMI 12 - HC - Income Tax

The High Court Bombay ruled that expenses incurred in connection with issuing bonus shares are considered revenue expenditure. The court also determined that certain expenses like salary paid to staff, stamp duty, transfer fee, and safe custody charges are not directly related to earning dividends. The judgment favored the assessee, and the appeal was dismissed.

 

 

 

 

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