https://www.taxtmi.com/caselaws?id=6052 Expenditure incurred for a public issue of shares was treated as capital expenditure because the assessee's object was to increase share capital. Compliance with a Reserve Bank direction to meet regulatory requirements did not change the character of the spend. The matter was said to be covered by the earlier decision on expenditure for increasing share capital, and the question was answered in the negative in favour of the Revenue. en-us Wed, 17 Oct 2001 00:00:00 +0530 Fri, 24 Aug 2018 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6052 Expenditure incurred for a public issue of shares was treated as capital expenditure because the assessee's object was to increase share capital. Compliance with a Reserve Bank direction to meet regulatory requirements did not change the character of the spend. The matter was said to be covered by the earlier decision on expenditure for increasing share capital, and the question was answered in the negative in favour of the Revenue. Case-Laws Income Tax Wed, 17 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6052