https://www.taxtmi.com/caselaws?id=60220 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the treatment of expenses related to bonus shares as revenue expenditure. However, the Tribunal ruled in favor of the department on the deductibility of the subscription payment to the Chamber of Commerce, considering it as a capital expenditure. en-us Fri, 23 Jan 1987 00:00:00 +0530 Tue, 04 Jan 2011 12:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60220 The Tribunal partially allowed the appeal, ruling in favor of the assessee on the treatment of expenses related to bonus shares as revenue expenditure. However, the Tribunal ruled in favor of the department on the deductibility of the subscription payment to the Chamber of Commerce, considering it as a capital expenditure. Case-Laws Income Tax Fri, 23 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60220