Share issue expenditure and bonus eventually paid to employees

By | October 13, 2016
(Last Updated On: October 13, 2016)

The Supreme Court allowed a company a share issue expenditure under section 35D, and also allowed a bonus expenditure, even though the bonus amount was deposited in a trust and, at the end of a dispute with employees, was paid over to them. The case is: Shasun Chemicals and Drugs Ltd. Read KPMG an October 2016 report [PDF 337 KB]

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