Held that expenditure on buy back of shares is allowable as revenue expenditure. (AY. 2009-10)
Dy. CIT v. Supreme Industries Ltd. (2021) 197 DTR 241 (Mum.)(Trib.)
S. 37(1) : Business expenditure-Capital or revenue expenditure-Expenditure incurred on buy back of shares-Allowable as revenue expenditure.