https://www.taxtmi.com/caselaws?id=216140 The Court ruled in favor of the appellant, a fertilizer company, allowing the appeal and reversing the Tribunal's decision on the expenditure for subdivision of shares. The Court determined that the subdivision of shares, aimed at facilitating easy trading, did not increase share capital and was akin to bonus shares issuance. Emphasizing the lack of enduring benefits from the subdivision, the Court held that the expenditure was revenue expenditure and allowable under the Income Tax Act, 1961. en-us Tue, 14 Aug 2012 00:00:00 +0530 Thu, 30 Aug 2012 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216140 The Court ruled in favor of the appellant, a fertilizer company, allowing the appeal and reversing the Tribunal's decision on the expenditure for subdivision of shares. The Court determined that the subdivision of shares, aimed at facilitating easy trading, did not increase share capital and was akin to bonus shares issuance. Emphasizing the lack of enduring benefits from the subdivision, the Court held that the expenditure was revenue expenditure and allowable under the Income Tax Act, 1961. Case-Laws Income Tax Tue, 14 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216140