https://www.taxtmi.com/highlights?id=57879 Addition towards ROC expenses - section 35D provides amortization of certain expenses, which are in the nature of capital/intangibles/preliminary expenses, which have been incurred by the assessee in the preliminary stage of the company or in the normal course of business and the assessee is entitled to amortize of expenses over a period of time as per section 35D. Therefore, the AO is directed to allow the ROC expenditure incurred towards increase of share capital as per section 35D - AT en-us Fri, 07 May 2021 13:06:34 +0530 Fri, 07 May 2021 13:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57879 Addition towards ROC expenses - section 35D provides amortization of certain expenses, which are in the nature of capital/intangibles/preliminary expenses, which have been incurred by the assessee in the preliminary stage of the company or in the normal course of business and the assessee is entitled to amortize of expenses over a period of time as per section 35D. Therefore, the AO is directed to allow the ROC expenditure incurred towards increase of share capital as per section 35D - AT Highlights Income Tax Fri, 07 May 2021 13:06:34 +0530 https://www.taxtmi.com/highlights?id=57879