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INCREASE IN AUTHORISED CAPITAL

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(Querist)
03 March 2011 THE ROC FEES PAID TO INCREASE AUTHORISED CAPITAL IS REVENUE EXP/CAPITAL EXP.
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CS LLB Pulkit Gupta

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CS LLB Pulkit Gupta (Expert)
03 March 2011 Mohan Meakin Breweries Ltd. 117 ITR 501 (HP) Fees paid for increase of authorised capital is capital expenditure not deductible u/s 37(1). Also refer Punjab State Industrial Development Corp Ltd 225 ITR 792 (SC).

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