https://www.taxtmi.com/caselaws?id=412635 The Appellate Tribunal ITAT Ahmedabad upheld the disallowance of expenditure incurred for "documents and stamp charges" related to an increase in authorized capital as capital expenditure. The Tribunal reasoned that the enduring benefits from the conversion to equity share capital indicated a capital nature. The alternative claim under Section 35D was rejected as the expenses did not meet the criteria. The appeal was dismissed on 17th September 2021. en-us Fri, 17 Sep 2021 00:00:00 +0530 Thu, 23 Sep 2021 07:06:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412635 The Appellate Tribunal ITAT Ahmedabad upheld the disallowance of expenditure incurred for "documents and stamp charges" related to an increase in authorized capital as capital expenditure. The Tribunal reasoned that the enduring benefits from the conversion to equity share capital indicated a capital nature. The alternative claim under Section 35D was rejected as the expenses did not meet the criteria. The appeal was dismissed on 17th September 2021. Case-Laws Income Tax Fri, 17 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412635