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]
Share issue expenditure and bonus eventually paid to employees
(Last Updated On: October 13, 2016)