The Income Tax Appellate Tribunal (ITAT) consisting of Shri Kuldip Singh, and Shri Prashant Maharishi ruled that expenditure on account of listing fees paid to the stock exchange could not be said to be capital expenditure. The tribunal clarified that the expenditure should be regarded as expenditure of revenue nature. The ruling was made by […]
The post Listing Fees Paid to the Stock Exchange not Capital Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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