https://www.taxtmi.com/caselaws?id=9512 The court ruled in favor of the assessee regarding entitlement to investment allowance, citing precedent that extraction of ore amounts to "production." However, the court sided with the Revenue on the deductibility of fees paid to the Registrar of Companies for increasing authorized capital, considering it as capital expenditure. Additionally, the court upheld the grant of depreciation, finding that Explanation 8 to Section 43(1) did not apply. The appeal was disposed of accordingly, with costs not awarded. en-us Tue, 23 Aug 2005 00:00:00 +0530 Tue, 23 Jun 2009 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9512 The court ruled in favor of the assessee regarding entitlement to investment allowance, citing precedent that extraction of ore amounts to "production." However, the court sided with the Revenue on the deductibility of fees paid to the Registrar of Companies for increasing authorized capital, considering it as capital expenditure. Additionally, the court upheld the grant of depreciation, finding that Explanation 8 to Section 43(1) did not apply. The appeal was disposed of accordingly, with costs not awarded. Case-Laws Income Tax Tue, 23 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9512