Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (1) TMI 648 - AT - Income TaxNature of expenditure - fee paid to ROC - revenue or capital expenditure - HELD THAT:- In the present case, the assessee incurred by way of expenditure towards payment of fee to Registrar of the companies in expansion of authorized share capital which incidentally would help in the business of the company resulting into profit-making, in our opinion is in the character of a capital expenditure. Expenditure incurred towards ROC is disallowed and to this effect the order of CIT(A) is justified. Appeal of assessee dismissed.
|