https://www.taxtmi.com/caselaws?id=269823 The High Court allowed depreciation at a rate of 15% on the fee paid to the Registrar of Companies for augmenting the share capital, totaling Rs. 1,50,000. The court held that the fee was capitalized against plant and machinery, justifying the depreciation claim. Additionally, the court rejected the revenue's arguments against the applicability of Section 35D(2)(c)(iv) of the Income Tax Act, concluding that the fee for raising authorized capital fell within this provision. The court ruled in favor of the appellant, dismissing the revenue's contentions. en-us Mon, 10 Aug 2015 00:00:00 +0530 Tue, 22 Dec 2015 06:11:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269823 The High Court allowed depreciation at a rate of 15% on the fee paid to the Registrar of Companies for augmenting the share capital, totaling Rs. 1,50,000. The court held that the fee was capitalized against plant and machinery, justifying the depreciation claim. Additionally, the court rejected the revenue's arguments against the applicability of Section 35D(2)(c)(iv) of the Income Tax Act, concluding that the fee for raising authorized capital fell within this provision. The court ruled in favor of the appellant, dismissing the revenue's contentions. Case-Laws Income Tax Mon, 10 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269823