2011 (12) TMI 696

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Full Text of the Document

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....ther the Income Tax Appellate Tribunal was justified in holding that the expenditure on share issue incurred by the assessee is a revenue expenditure and, hence, allowable under Section 37 of the Income Tax Act, 1961 is the question raised in this appeal. 2. The finding of fact recorded by the Income Tax Appellate Tribunal is that there is dispute that the assessee has in fact incurred the expend....