PUNJAB STATE INDUSTRIAL DEVELOPMENT CORPORATION LTD. versus COMMISSIONER OF INCOME-TAX
Capital or Revenue Expenses General Principles Companies pay companies fees to the Registrar of Companies to increase capital expenditure The Indian Income Tax Act, 1961, Section 37 [CITV Cousin Chand Chelaram (India) (P) Ltd. ( 1981) 130 ITR 385 (Med); Warner India Ltd. vs CIT (1988) 171 ITR 224 (AP); India Machine Tools Ltd. (No. 3) VCIT (1989) 175 ITR 220 (CAR) and \ Federal Bank Limited v CIT, (1989) 180 ITR 241 (CARE) rejected].
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