https://www.taxtmi.com/caselaws?id=257567 The High Court affirmed the Tribunal's decision, holding that the assessee's claim for depreciation on capitalized share issuance expenses was rightly disallowed. The court concluded that such expenses should be amortized under Section 35D, not depreciated under Section 32. The court answered the referred questions in favor of the Revenue and against the assessee, thereby disposing of the reference. en-us Thu, 12 Mar 2015 00:00:00 +0530 Tue, 11 Aug 2015 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257567 The High Court affirmed the Tribunal's decision, holding that the assessee's claim for depreciation on capitalized share issuance expenses was rightly disallowed. The court concluded that such expenses should be amortized under Section 35D, not depreciated under Section 32. The court answered the referred questions in favor of the Revenue and against the assessee, thereby disposing of the reference. Case-Laws Income Tax Thu, 12 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257567