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2015 (12) TMI 1127 - HC - Income TaxDisallowance of depreciation at the rate of 15% on fee paid to Registrar of Companies for expansion of capital base - Held that:- Viewed from any angle, it is concluded that the claim of the assessee cannot be declined. Since the fees paid to Registrar of Companies for enhancing the authorized share capital for expansion of the business had been capitalized against plant and machinery, the assessee would be entitled to depreciation at the rate of 15% on ₹ 10,00,000/- and the benefit of Section 35D(2)(c)(iv) of the Act would not be available to the assessee. - Decided in favour of assessee
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