Expense on sub-division of shares is revenue expenditure as No enduring benefit

HIGH COURT OF GUJARAT G.S.F.C. Ltd. versus Deputy Commissioner of Income-tax (Asstt.) Tax Appeal No. 202 of 2000 August 14, 2012 JUDGMENT Akil Kureshi , J – The appellant – Gujarat State Fertilizers Co. Ltd., the assessee has preferred this appeal under section 260A of the Income Tax Act, 1961 (“the Act” for short) calling in question a judgement of the Income Tax Appellate Tribunal (“the Tribunal” for short) dated 4.5.2000. At the time of admission of the appeal, the following substantial question of law was framed: “Whether, the expe...