https://www.taxtmi.com/caselaws?id=413111 The Tribunal allowed the assessee's appeal in full, upholding the deduction of preliminary expenses under Section 35D and the treatment of interest expenditure as capital expenditure. The Tribunal found that expenses for increasing authorized share capital before the commencement of business are eligible for deduction under Section 35D. Additionally, interest expenses directly attributable to investments should be capitalized. The order was pronounced on 30th September 2021. en-us Thu, 30 Sep 2021 00:00:00 +0530 Mon, 04 Oct 2021 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413111 The Tribunal allowed the assessee's appeal in full, upholding the deduction of preliminary expenses under Section 35D and the treatment of interest expenditure as capital expenditure. The Tribunal found that expenses for increasing authorized share capital before the commencement of business are eligible for deduction under Section 35D. Additionally, interest expenses directly attributable to investments should be capitalized. The order was pronounced on 30th September 2021. Case-Laws Income Tax Thu, 30 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413111