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2009 (11) TMI 582 - HC - Income Tax
Capital or revenue expenditure - Scrutiny - judgment of the Rajasthan High Court in CIT v. Secure Meters Ltd. [2008 -TMI - 32081 - HIGH COURT RAJASTHAN ) considering the various aspects has come to the conclusion that even if the debenture were to be converted into share at a later date, the expenditure incurred on such convertible debenture has to be treated as a revenue expenditure - Decided in the favour of assessee