https://www.taxtmi.com/caselaws?id=456670 ITAT Cochin ruled on multiple deduction issues. Revenue's appeal succeeded on PF/ESI contributions, with tribunal holding that contributions paid after due date under respective Acts are not deductible under section 36(1)(va). IPO-related expenses were confirmed as capital expenditure, being directly linked to share capital expansion. Prior period expenses claim was remitted to AO for fresh examination regarding section 43B applicability and expense nature. Professional consultancy charges for share capital enhancement were upheld as capital expenditure following Supreme Court precedent in Brooke Bond India Ltd case. en-us Fri, 01 Mar 2019 00:00:00 +0530 Thu, 08 Aug 2024 09:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456670 ITAT Cochin ruled on multiple deduction issues. Revenue's appeal succeeded on PF/ESI contributions, with tribunal holding that contributions paid after due date under respective Acts are not deductible under section 36(1)(va). IPO-related expenses were confirmed as capital expenditure, being directly linked to share capital expansion. Prior period expenses claim was remitted to AO for fresh examination regarding section 43B applicability and expense nature. Professional consultancy charges for share capital enhancement were upheld as capital expenditure following Supreme Court precedent in Brooke Bond India Ltd case. Case-Laws Income Tax Fri, 01 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456670