https://www.taxtmi.com/caselaws?id=56489 The Tribunal partly allowed the revenue's appeal, modifying the CIT(A)'s order by restricting the addition to Rs. 1,99,002. It held that share premium should be included as part of issued share capital for deductions under section 35D of the Income-tax Act, 1961. The decision clarified the interpretation of section 35D regarding the amortization of preliminary expenses and the treatment of share premium under the Companies Act, 1956, affirming that share premium is akin to paid-up share capital for calculating capital employed. en-us Mon, 05 Sep 2005 00:00:00 +0530 Tue, 05 Dec 2023 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56489 The Tribunal partly allowed the revenue's appeal, modifying the CIT(A)'s order by restricting the addition to Rs. 1,99,002. It held that share premium should be included as part of issued share capital for deductions under section 35D of the Income-tax Act, 1961. The decision clarified the interpretation of section 35D regarding the amortization of preliminary expenses and the treatment of share premium under the Companies Act, 1956, affirming that share premium is akin to paid-up share capital for calculating capital employed. Case-Laws Income Tax Mon, 05 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56489