https://www.taxtmi.com/caselaws?id=66219 The Tribunal upheld the Revenue's decision to disallow share issue expenses and consultancy charges as revenue expenditure for the assessment year 1995-96. The Tribunal ruled that even abortive capital expenditure must be disallowed, emphasizing that the nature of the expenditure is determined by its object, not its end result. Consequently, the appeal was dismissed, and no other grounds raised were accepted. en-us Fri, 03 May 2002 00:00:00 +0530 Tue, 22 Feb 2011 15:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66219 The Tribunal upheld the Revenue's decision to disallow share issue expenses and consultancy charges as revenue expenditure for the assessment year 1995-96. The Tribunal ruled that even abortive capital expenditure must be disallowed, emphasizing that the nature of the expenditure is determined by its object, not its end result. Consequently, the appeal was dismissed, and no other grounds raised were accepted. Case-Laws Income Tax Fri, 03 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66219