provide consultancy services in the field of infrastructure development, project structuring, capital structuring or operations subsequent to commissioning and other related matters in or outside
rent was very nominal. By obtaining the land on lease
the capital structure of the assessee did not undergo any change. The
assessee only acquired ... pharmaceuticals industries Ltd there was
no change in the capital structure of the assessee on the payment of lease premium
whereas in the case
persons acting on their behalf from
altering the capital structure of the respondent No.1 LLP in any
manner or handling or removing or alienating ... diluting the
holding of the petitioner of 15% in the capital structure of
respondent No.1 as per the supplementary agreement dated
02.07.2019 pending resolution
that
there was no addition to the capital asset and there was no change in the capital
structure. He submitted that payment made for removal ... that
when there was no addition to the capital asset and no change in the capital structure
and there was no asset of any enduring
assessee thereafter filed a declaration declaring
the Iron and Steel structures as capital goods.
13.2 In response to a show cause notice of the Department ... claimed in respect of the inputs used for fabrication
items supporting structures of capital goods.
b. Question (ii) is answered in the affirmative by
holding
inextricably linked with the
setting up of the factory building/capital structure of the company
and, therefore, such income has to be treated as capital ... These
receipts are inextricably linked with the setting up of the capital
structure of the assessee-company. They must, therefore, be
viewed as capital receipts
Phoenix Arc Private Limited vs Spade Financial Services Limited on 1 February, 2021
Equivalent citations
received from sale will be split into
share capital and liabilities, based on a capital
structure that the acquirer decides. There will be an
issuance
account and balance sheets
and as well as capital structure obtained from the
internet. It is noticed that during the period under
consideration the company
building or structure of permanent nature is not the
decisive test for holding the expenses to be capital out-lay or
revenue ... expenditure so incurred is capital in nature.
(xiii) Where the object of incurring an expenditure is to effect a
capital structure as a result
