https://www.taxtmi.com/caselaws?id=64660 The appeal by the assessee, a public limited company, was dismissed. The CIT(A)'s decision to allow only 80% of the initial contribution to the Management Staff Pension Fund as a deduction over five assessment years was upheld. Additionally, the claim for deduction of expenses incurred on the issue of bonus shares was rejected, as the Tribunal deemed the expenses to be capital in nature, related to the company's capital structure realignment and not connected to business operations. The decisions of the CIT(A) on both issues were upheld, and the assessee's contentions were rejected. en-us Sat, 17 Apr 1982 00:00:00 +0530 Wed, 09 Feb 2011 11:52:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64660 The appeal by the assessee, a public limited company, was dismissed. The CIT(A)'s decision to allow only 80% of the initial contribution to the Management Staff Pension Fund as a deduction over five assessment years was upheld. Additionally, the claim for deduction of expenses incurred on the issue of bonus shares was rejected, as the Tribunal deemed the expenses to be capital in nature, related to the company's capital structure realignment and not connected to business operations. The decisions of the CIT(A) on both issues were upheld, and the assessee's contentions were rejected. Case-Laws Income Tax Sat, 17 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64660