Tag Archives: Capital Expenditure

Stamp duty paid to increase Authorized capital is capital expenditure

By | January 16, 2016

Held We have observed that Hon’ble Supreme Court in the case of Brooke Bond India Ltd. (supra) and Punjab State Industries Development Corpn. Ltd. (supra) has clearly held that these stamp duties/fees to Ministry of Corporate Affairs , GOI paid towards the increase in authorized capital of the company is held to be for expansion… Read More »

Issue of Sweat Equity shares is Capital Expenditure

By | December 14, 2015

Sweat Equity shares : Capital Expenditure HELD The Sweat Equity shares were issued to  two persons for “Value Addition” as given in the definition of the expression “Sweat Equity Shares”.the value addition was given by the  said persons to the assessee company in the form of their vast experience in new business concepts and professional… Read More »