filing fees for increase in authorised share capital

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yogesh vijaykumar shah (Querist)
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21 May 2010 Can we take the deduction u/s 35D of income tax Act for filing fees paid to ROC for increase in authorised share capital.? if yes how much ? if no please give the case law reference

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 May 2010 The fee paid to ROC for enhancing the authorised capital is not allowable as revenue expenditure but deductible over a period of five years (earlier ten years) under section 35D(2)(c)(iv).
Citation:- CIT Vs. Multi Metals Ltd (1991) 188 ITR 151 (Raj).

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