https://www.taxtmi.com/caselaws?id=103901 The Tribunal allowed the appeal of the assessee concerning the disallowance of expenses related to issuing bonus shares for the assessment year 1995-96. The Tribunal held that the expenses should be treated as revenue expenditure based on the Bombay High Court's distinction between increasing authorized share capital and issuing bonus shares. As the Supreme Court had not specifically addressed expenses linked to issuing bonus shares and the Bombay High Court's decision stood unchallenged, the disallowance of the expenses was overturned. en-us Thu, 22 Feb 2001 00:00:00 +0530 Fri, 24 Feb 2012 18:43:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103901 The Tribunal allowed the appeal of the assessee concerning the disallowance of expenses related to issuing bonus shares for the assessment year 1995-96. The Tribunal held that the expenses should be treated as revenue expenditure based on the Bombay High Court's distinction between increasing authorized share capital and issuing bonus shares. As the Supreme Court had not specifically addressed expenses linked to issuing bonus shares and the Bombay High Court's decision stood unchallenged, the disallowance of the expenses was overturned. Case-Laws Income Tax Thu, 22 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103901