https://www.taxtmi.com/caselaws?id=18032 The High Court of Madras determined that the expenditure incurred by the assessee on fees paid to share registrars and solicitors in connection with raising further capital is to be treated as revenue expenditure. The court considered relevant case law and concluded that the expenses were administrative in nature, allowing for deduction as revenue expenditure. The decision favored the assessee, with no costs awarded in the matter. en-us Tue, 30 Jan 1996 00:00:00 +0530 Sat, 26 Sep 2009 13:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18032 The High Court of Madras determined that the expenditure incurred by the assessee on fees paid to share registrars and solicitors in connection with raising further capital is to be treated as revenue expenditure. The court considered relevant case law and concluded that the expenses were administrative in nature, allowing for deduction as revenue expenditure. The decision favored the assessee, with no costs awarded in the matter. Case-Laws Income Tax Tue, 30 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18032