Forgot password
New User/ Regiser
⇒ Register to get Live Demo
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.
9911796707
