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1990 (6) TMI 1 - CALCUTTA HIGH COURTExtract: .......are capital, but the Tribunal was, however, right in holding that Rs. 500 representing the application fees paid for issue of bonus shares were not capital expenditure. Question No. 2 in R. A. No. 962/(Cal) of 1986 is answered in the affirmative and in favour of the assessee. There will be no order as to costs. BHAGABATI PRASAD BANERJEE J.-I agree.
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