https://www.taxtmi.com/caselaws?id=218613 The High Court upheld the decision of the Commissioner of Income Tax (Appeals) and the Tribunal regarding the eligibility of share issue expenses for deduction. The Court agreed with the classification of expenses as either revenue or capital based on their nature and purpose in the business transactions. The appeal was dismissed, with the Court finding no grounds to interfere with the factual findings and categorization of expenses. The questions of law were answered against the Revenue, and no costs were awarded in the case. en-us Wed, 03 Oct 2012 00:00:00 +0530 Sat, 07 Dec 2013 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218613 The High Court upheld the decision of the Commissioner of Income Tax (Appeals) and the Tribunal regarding the eligibility of share issue expenses for deduction. The Court agreed with the classification of expenses as either revenue or capital based on their nature and purpose in the business transactions. The appeal was dismissed, with the Court finding no grounds to interfere with the factual findings and categorization of expenses. The questions of law were answered against the Revenue, and no costs were awarded in the case. Case-Laws Income Tax Wed, 03 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218613