building
and also on the wrong claim of deduction of fee paid to ROC for
increase of authorized share capital as revenue expenditure. While
doing ... false
claim.
5. Insofar as claim for deduction of fee paid to ROC is
concerned, as per the Assessing Officer this fee was paid
claim of the assessee of Rs. 90,000 being fees paid to the RoC for increasing the authorised capital of the company for the purpose ... Court was whether the amount of fee paid to the RoC as filing fee for enhancement of capital was not revenue expenditure ? The Supreme Court
Fees paid to ROC capitalised Rs. 12,50,000/-
Rs. 57,27,04,825/-
Less:
1/5th of ROC fees ... disallowing a sum of Rs.12,50,000/- being the fees paid to ROC to arrive
at the net taxable income
Fees paid to ROC capitalised Rs. 12,50,000/-
Rs. 57,27,04,825/-
Less:
1/5th of ROC fees ... disallowing a sum of Rs.12,50,000/- being the fees paid to ROC to arrive
at the net taxable income
amount of ₹1,00,500/- on account of penalty
and ROC fee respectively to the petitioner's returned income.
5. The petitioner appealed
Compliance Certificates of previous years with Ministry of
Corporate Affairs, ROC with late fee by E-filing with digital
signature of Director and practicing professional ... reduced from 50%
to 2% and file such returns before ROC with late fee in the year
2012. The company holds valuable property at Panjagutta
existing lease agreement and without the requirement of payment
of any fee, consideration or premium. WBIDC shall not be entitled
to any penalty, arrear lease ... than operational debt specified in the information
memorandum, Stamp duty and ROC fees in case of increase in the
authorised capital etc., claimed
assessee did not have any operational
income and expenses debited as ROC fee, audit fee etc. which
were claimed as loss. The bank accounts maintained
Misc. legal expenses and T.A 4010
expenses
5 Professional valuation fees 1800
expenses
TOTAL 392200
(Downloaded on 16/02/2024 ... Payment) Amount in Rupees
1 H.Y. statement audit 15000
2 ROC fees (8x500) and other 2000
government fees and expenses
3 Office misc. expenses
Misc. legal expenses and T.A 4010
expenses
5 Professional valuation fees 1800
expenses
TOTAL 392200
(Downloaded on 16/02/2024 ... Payment) Amount in Rupees
1 H.Y. statement audit 15000
2 ROC fees (8x500) and other 2000
government fees and expenses
3 Office misc. expenses
