Expenses of FCCB - allowable capital or revenue expenditure - ...

Income Tax

September 26, 2022

Expenses of FCCB - allowable capital or revenue expenditure - The assessee has given details as regards to computation of income for expenses on issue of FCCB, security premium on redemption of FCCB and interest booked under FCCB expenses and initial conversion price of Rs.130/- per share from the issue date and until 14.10.2012 was defined by the assessee. - the CIT(A) has rightly allowed the claim as revenue expenditure - AT

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Expenses of FCCB - allowable capital or revenue expenditure - ...

Income Tax

September 26, 2022

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