https://www.taxtmi.com/caselaws?id=117607 The Tribunal upheld the disallowance of fees paid for increasing the authorized capital, considering it as capital expenditure rather than revenue expenditure. For the disallowance of full-year depreciation on plant and machinery, the Tribunal remanded the matter to determine the commencement of trial production, emphasizing the need for clear evidence of machinery utilization for depreciation to be allowed. The appeal was partially allowed, stressing the importance of providing a fair opportunity for the appellant to present their case. en-us Wed, 09 Mar 2005 00:00:00 +0530 Mon, 25 Jun 2012 13:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117607 The Tribunal upheld the disallowance of fees paid for increasing the authorized capital, considering it as capital expenditure rather than revenue expenditure. For the disallowance of full-year depreciation on plant and machinery, the Tribunal remanded the matter to determine the commencement of trial production, emphasizing the need for clear evidence of machinery utilization for depreciation to be allowed. The appeal was partially allowed, stressing the importance of providing a fair opportunity for the appellant to present their case. Case-Laws Income Tax Wed, 09 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117607