https://www.taxtmi.com/caselaws?id=12877 The High Court Bombay held that expenses related to issuing bonus shares are considered revenue expenditure. The court concluded that certain expenses like staff salaries, stamp duty, transfer fees, and safe custody charges are not directly linked to earning dividends. The judgment favored the assessee, and the appeal was dismissed. en-us Mon, 18 Sep 2000 00:00:00 +0530 Fri, 22 May 2009 17:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12877 The High Court Bombay held that expenses related to issuing bonus shares are considered revenue expenditure. The court concluded that certain expenses like staff salaries, stamp duty, transfer fees, and safe custody charges are not directly linked to earning dividends. The judgment favored the assessee, and the appeal was dismissed. Case-Laws Income Tax Mon, 18 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12877