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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Deduction u/s 35D - the assessee had increased the share ...

Income Tax

August 17, 2015

Deduction u/s 35D - the assessee had increased the share capital by way of private placement with its holding, hence, deduction u/s 35D not allowable to the assessee - AT

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  3. Issue of shares on private placement basis. - Section 42 of the Companies Act, 2013 substituted.

  4. The activity of private placement of shares which have not been listed in any recognized stock exchange - The activity comes under the category of Merchant Banking activity - AT

  5. Addition towards ROC expenses - section 35D provides amortization of certain expenses, which are in the nature of capital/intangibles/preliminary expenses, which have...

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  7. Disallowance of expenditure u/s 35D - As the fee paid for increase in share capital is not fee for registration of company and hence is not amortised even u/s 35D(2)(c)(iii) - AT

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  9. Reopening of assessment u/s 147 - excess claim of deduction u/s 35D - formation of belief by the AO is within realm of subjective satisfaction - for the purpose of...

  10. Expenditure incurred on issue of shares (public issue expneses) are not allowable expenditure u/s 35D ...... - HC

 

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