https://www.taxtmi.com/caselaws?id=237657 The court dismissed the Tax Case Appeal, upholding the classification of share issue expenses as capital expenditure due to their direct link to capital base expansion, regardless of the unsuccessful outcome. The judgment reiterated the precedence of purpose over end result in determining the nature of expenditure and emphasized the consistent application of legal principles in distinguishing between capital and revenue expenditure. en-us Tue, 23 Jul 2013 00:00:00 +0530 Sat, 07 Dec 2013 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237657 The court dismissed the Tax Case Appeal, upholding the classification of share issue expenses as capital expenditure due to their direct link to capital base expansion, regardless of the unsuccessful outcome. The judgment reiterated the precedence of purpose over end result in determining the nature of expenditure and emphasized the consistent application of legal principles in distinguishing between capital and revenue expenditure. Case-Laws Income Tax Tue, 23 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237657