2019 (5) TMI 184

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..... see ROC fees paid for increase in share was disallowed at the time of filing of return of income and hence prayed for suitable rectification - HELD THAT:- Tribunal has observed CIT(A) has rightly held that ROC fees paid for increase in authorized share capital of a company is a capital expenditure in nature and hence cannot be allowed as an allowable deduction. Thus, we find no reason to interfere .....

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..... agadevan, JCIT ORDER PER DUVVURU RL REDDY, JUDICIAL MEMBER: By means of present miscellaneous petition, the assessee seeks to rectify the order of the Tribunal passed in I.T.A. No. 406/Chny/2018 dated 15.10.2018 relevant to the assessment 2009-10 by stating that the Tribunal confirmed the order of the ld. CIT(A) that the ld. CIT(A) has rightly he .....

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..... earned CIT(A) erred in stating that the fees paid to ROC were rightly disallowed, on erroneous understanding of facts. 4. Against the above ground, the Tribunal has observed as under: 6.3 As has been held by the Hon ble Supreme Court referred to above, the ld. CIT(A) has rightly held that the ROC fees paid for increase in authorized share capital of a company is a .....

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