https://www.taxtmi.com/caselaws?id=58222 The Tribunal dismissed the assessee's appeal, upholding the taxability of Rs. 1,15,422 as short-term capital gain. The deduction of surtax liability was denied, and section 40(c) was deemed applicable for employee directors' remuneration. Additionally, the fees paid for increasing authorized share capital were considered a capital expenditure, leading to the partial allowance of the revenue's appeal. en-us Wed, 10 Feb 1982 00:00:00 +0530 Sat, 18 Dec 2010 10:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58222 The Tribunal dismissed the assessee's appeal, upholding the taxability of Rs. 1,15,422 as short-term capital gain. The deduction of surtax liability was denied, and section 40(c) was deemed applicable for employee directors' remuneration. Additionally, the fees paid for increasing authorized share capital were considered a capital expenditure, leading to the partial allowance of the revenue's appeal. Case-Laws Income Tax Wed, 10 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58222