https://www.taxtmi.com/highlights?id=95691 Disallowance of stamp duty/fees paid for increase in authorised share capital turned on whether the expenditure was claimed as a deductible revenue outlay. The tribunal found, from the balance sheet note on "other equity" and the tax audit report, that the amount was directly adjusted in retained earnings as share issue expenses and was not routed through the P&L account as revenue expenditure. Since no deduction had been claimed in computing taxable income, there was no basis for any disallowance. The disallowance was deleted and the appeal was allowed. - ITAT en-us Sat, 03 Jan 2026 13:05:26 +0530 Sat, 03 Jan 2026 13:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=95691 Disallowance of stamp duty/fees paid for increase in authorised share capital turned on whether the expenditure was claimed as a deductible revenue outlay. The tribunal found, from the balance sheet note on "other equity" and the tax audit report, that the amount was directly adjusted in retained earnings as share issue expenses and was not routed through the P&L account as revenue expenditure. Since no deduction had been claimed in computing taxable income, there was no basis for any disallowance. The disallowance was deleted and the appeal was allowed. - ITAT Highlights Income Tax Sat, 03 Jan 2026 13:05:26 +0530 https://www.taxtmi.com/highlights?id=95691