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Share capital Incremental

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29 September 2021 Share capital Incremental charges for ROC , is this expense allowed in income tax ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
30 September 2021 No. Roc fee for enhancement of capital is a CAPITAL EXPENDITURE. Cannot clain u/s 37(1).

Citation :- Punjab State Industrial Dev Corpn Ltd Vs. CIT (1997) 93 Taxman 5 (SC).

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