https://www.taxtmi.com/caselaws?id=19858 Expenditure incurred for issuing bonus shares was treated as capital in nature because it related to the company's permanent structure and conferred enduring capital advantage, so it was not deductible as revenue expenditure. A provision made on actuarial basis for future gratuity was also disallowed because deduction is available only when the statutory conditions are satisfied, and those preconditions were not met. On both issues, the questions were answered against the assessee and in favour of the Revenue. en-us Tue, 24 Aug 1993 00:00:00 +0530 Tue, 10 Nov 2009 12:29:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19858 Expenditure incurred for issuing bonus shares was treated as capital in nature because it related to the company's permanent structure and conferred enduring capital advantage, so it was not deductible as revenue expenditure. A provision made on actuarial basis for future gratuity was also disallowed because deduction is available only when the statutory conditions are satisfied, and those preconditions were not met. On both issues, the questions were answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Tue, 24 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19858