Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2006 (9) TMI 116 - SC - Income Tax
Whether the expenditure incurred in connection with the issuance of bonus shares is a capital expenditure or revenue expenditure - Whether the Tribunal was right in holding that the expenditure incurred on account of share issue is allowable expenditure - question referred, is answered in the affirmative, i.e., in favour of the assessee and against the Revenue