upon the law hitherto obtaining. He submitted that unless the capital base or capital structure is improved, no expenditure can be held ... expenditure concerned herein is capital in nature, since it was laid out for adding to the capital structure of the assessee, besides acquiring an asset
shall disclose the pre and post-arrangement or amalgamation (expected) capital structure and shareholding pattern.
12. A reading of the aforementioned sub-clauses would disclose ... shall disclose the pre and post-arrangement or amalgamation (expected) capital structure and shareholding pattern in the explanatory statement to be forwarded
revenue nature and not of capital nature. The question whether any expenditure is on capital or revenue account must be viewed in the larger context ... machinery that was contemplated therein. That information is related to the capital structure of the assessee's business. The entire information regarding items
Income-tax Officer disallowed the amount holding that the expenditure was of capital nature, relying upon a decision of the Income-tax Appellate Tribunal, Hyderabad ... effect of increasing the share capital and that any expenditure incurred affecting the capital structure is also capital in nature. Reliance is placed upon
fixed capital asset it is attributable to capital, but that if no alteration is made in the fixed capital asset by the payment, then ... being in substance a matter of maintenance, the maintenance of the capital structure or the capital assets of the company."
Lawrence J. pointed
repatriate profits without any export obligation. The policy also allows liberal capital structuring and an attractive return on investment. An attractive two-part tariff structure
G.V. Jayachandra Chowdary And Ors. vs Government Of Andhra Pradesh And Ors. on 30
capital in the context of an existing or a
continuing company. The object of seeking confirmation from the Court, for
reduction of capital ... existence in the light, or
on the strength, of the existing capital structure. ( Durairajan v. Waterfall
Estates Ltd21 ; Asian Investments Ltd19). In such schemes
interest of its depositors;
(d) that the company has adequate capital structure and earning prospects;
(e) that the public interest will be served
held that the Board, in its commercial activities, had got a capital structure of profit, liabilities and labour force to care for and that
