Interest on TDS 7,90,039
Sub Total 23,59,623
ROC filing fees 1,71,600
Rounded off 5,217
Total ... compensatory in
nature and not the penal interest. Related to ROC filing fee the assessee
claimed the expenses which was added back to the total
deduction:
(i) Membership & Subscription Expenses Rs. 1,43,079/-
(ii) ROC filing Fee Rs. 18,608/-
(iii) Municipal Taxes ... this regard, the assessee submits as under:
1.1.1 With regards to ROC filing fees of Rs.18,608/-, it is stated that the said
expenditure
nature. This filing fees was paid to enhance financial business
of IREDA and was fully allowable. Accordingly, the filing fees
paid to ROC is required ... with following
observations:-
"'1. Filing Fee paid to ROC
The filing fee of Rs.64,00,000/- which was paid to the
Registrar
Audit fees of Rs. 19,663/-, ROC filing fees of Rs. 9,709/-, Legal
& Professional charges of Rs. 47,80,100/-, interest on secured ... income is only Rs. 94,768/- which comprises of mainly audit fees, roc filing
fees, bank charges and demat charges etc. These expenditure
third issue relating to disallowance of ROC filing fees of
Rs. 2,40,000/- for increase in authorized capital of the assessee
company, the observations ... impugned order is reproduced as under:
"6. Disallowance of ROC Filing Fees:
6.1 In the assessment order, the Assessing Officer has disallowed
disallowance of
ROC filing fees Rs. 93,500/-, Legal and professional fees Rs. 2,65,246/-
and listing fees ... assessee of ROC filing fees Rs.
93,500/-, Legal and professional fees Rs. 2,65,246/- and listing fees Rs.
77,650/- are routine expenses
Business expenditure -
Allowable as - Whether amount paid by company to ROC, as filing fee
for enhancement of capital base of company can be allowed ... base of the company. Therefore, the amount
paid to the ROC, as filing fee for enhancement of capital, was not a revenue
expenditure.
The facts
incurred expenses of Rs 16,78,025 towards stamp duty and ROC filing fees
for increase in authorized share capital in connection with the demerger ... being 2/5th of stamp duty and ROC fees of Rs
16,78,025/- as per the provisions of section
2015
disallowed (except the statutory and obligatory
expenses of ROC filing Fee & Audit Fees) as the
assessee hasn't submitted any evidence
expenses was
incurred as remuneration to the directors or as
meeting fee paid to the directors ... Newspapers, Books & Periodicals 54988
Rent 24000
Traveling/Conveyance expenses 553923
ROC filing fee 7500
Total expenses 5086380
3.1. As per the appellant
