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2019 (5) TMI 184 - AT - Income TaxRectification u/s 254 - Fees paid to ROC - nature of expenditure - revenue or capital expenditure - as per ITAT it is a capital expenditure in nature and hence cannot be allowed as an allowable deduction - as per assessee ROC fees paid for increase in share was disallowed at the time of filing of return of income and hence prayed for suitable rectification - HELD THAT:- Tribunal has observed CIT(A) has rightly held that ROC fees paid for increase in authorized share capital of a company is a capital expenditure in nature and hence cannot be allowed as an allowable deduction. Thus, we find no reason to interfere with the order passed by the ld. CIT(A) on this issue and accordingly, the ground raised by the assessee stands dismissed. The ground raised by the assessee emanates from the appellate order and not in dispute, against which, by following decision in BROOKE BOND INDIA LIMITED VERSUS COMMISSIONER OF INCOME-TAX [1997 (2) TMI 11 - SUPREME COURT] the Tribunal sustained the order of the ld. CIT(A). Thus, we find no mistake apparent on record and accordingly, the petition filed by the assessee stands dismissed.
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