Malbros Holdings P. Ltd. v. ITO (2024) 114 ITR 25 (SN)(Delhi)(Trib)

S. 37(1) : Business expenditure-Amortisation of expenditure-Roc fees for share application money amortised over five years-Allowable as deduction.

Held that the assessee incurred expenditure towards ROC fees for share application money, which it had amortised over a period of five years. The first year of claim was the assessment year 2012-13.  Allowable as deduction. (AY. 2013-14)

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