https://www.taxtmi.com/caselaws?id=392002 The appeal by the Assessee challenging the disallowance of fees paid to the Registrar of Companies for the increase in share capital was dismissed. The Tribunal upheld the decision that such fees constitute capital expenditure based on the precedent set by the Supreme Court. Despite arguments questioning the appropriateness of the proceedings under section 154 of the Income Tax Act, the Tribunal found them justified due to the clear legal position established by the Supreme Court. Consequently, the disallowance of the fees as capital expenditure was affirmed, and the appeal was dismissed. en-us Mon, 20 Jan 2020 00:00:00 +0530 Wed, 12 Feb 2020 07:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392002 The appeal by the Assessee challenging the disallowance of fees paid to the Registrar of Companies for the increase in share capital was dismissed. The Tribunal upheld the decision that such fees constitute capital expenditure based on the precedent set by the Supreme Court. Despite arguments questioning the appropriateness of the proceedings under section 154 of the Income Tax Act, the Tribunal found them justified due to the clear legal position established by the Supreme Court. Consequently, the disallowance of the fees as capital expenditure was affirmed, and the appeal was dismissed. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392002