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Dy. CIT v. Sharda Cropchem Ltd. (2019) 178 DTR 83/ 71 ITR 141/199 TTJ 960 (Mum.)(Trib.)

S. 37(1) : Business expenditure–Expenditure on issue of bonus shares-Held to be allowable as revenue expenditure.

Expenditure on issue of bonus shares is held to be allowable as revenue expenditure.   (AY.  2013-2014)