1996 (7) TMI 116

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..... court in Federal Bank Ltd. v. CIT [1989] 180 ITR 241, has considered the similar question of law against the Revenue it cannot be said that such question of law arising in a later case ceases to be a referable one. This is the proposition declared by the apex court in D. B. Madan v. CIT [1991] 192 ITR 344 and the said declaration of law would govern the proceedings of the present original petition .....

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..... ng the authorised capital should also carry the same characteristic by reason of addition. It is stated in the petition that with regard to this contention raising the question, the apex court has granted special leave in the matter of J. K. Synthetics Ltd.'s case, as follows : " 20-7-92 : Their Lordships S. Ranganathan, V. Ramaswamy and R. M. Sahai JJ. granted special leave to the assessee to a .....

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..... of the case, the registration fee paid by the assessee for increasing the authorised capital of the company is a capital expenditure or revenue expenditure ? " The Income-tax Appellate Tribunal shall prepare the necessary statement of the case accompanied by all necessary documents and remit the same to this court. A copy of this judgment under the seal of this court and the signature of the .....

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