TMI BlogExpenses incurred for buy back of shares are revenue expenses because there is no permanent change in...Expenses incurred for buy back of shares are revenue expenses because there is no permanent change in the capital structure of the company, nor a benefit of enduring nature and the purchases are effected for company’s free reserves which are otherwise capable of being freely distributed to the shareholders - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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