Costs for acquiring a subsidiary must be capitalized as share purchase price, not deducted as business expenses.

The Administrative Court dismissed the taxpayer's claim to deduct costs incurred for acquiring a wholly-owned subsidiary as business expenses. The court held that expenditures related to the purchase of shares must be capitalized as part of the share acquisition cost under the Income Tax Act. Consequently, these costs were not allowable as deductions against the company's annual taxable income for the relevant year.