https://www.taxtmi.com/caselaws?id=784371 Fees paid for increase in authorised share capital were directly debited to retained earnings and reflected in the balance sheet under other equity, while the assessee did not claim them as revenue expenditure in the profit and loss account. On that basis, a disallowance made through adjustment under section 143(1) could not be sustained merely because the tax audit report noted the item. The disallowance was deleted. en-us Fri, 19 Dec 2025 00:00:00 +0530 Sat, 03 Jan 2026 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784371 Fees paid for increase in authorised share capital were directly debited to retained earnings and reflected in the balance sheet under other equity, while the assessee did not claim them as revenue expenditure in the profit and loss account. On that basis, a disallowance made through adjustment under section 143(1) could not be sustained merely because the tax audit report noted the item. The disallowance was deleted. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784371