https://www.taxtmi.com/caselaws?id=17937 The High Court held that the fee paid to the Registrar of Companies for increasing authorized share capital should be treated as capital expenditure, not deductible as revenue expenditure under section 37 of the Income-tax Act. The court considered the enduring benefit of the expenditure and referenced decisions from various High Courts supporting the capital nature of such fees. Despite conflicting views, the High Court aligned with the majority opinion favoring capital treatment, ruling in favor of the Revenue and against the assessee. en-us Mon, 15 Apr 1996 00:00:00 +0530 Wed, 22 Feb 2012 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17937 The High Court held that the fee paid to the Registrar of Companies for increasing authorized share capital should be treated as capital expenditure, not deductible as revenue expenditure under section 37 of the Income-tax Act. The court considered the enduring benefit of the expenditure and referenced decisions from various High Courts supporting the capital nature of such fees. Despite conflicting views, the High Court aligned with the majority opinion favoring capital treatment, ruling in favor of the Revenue and against the assessee. Case-Laws Income Tax Mon, 15 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17937