TMI BlogInterest upfront to the debenture holder - AO treated it as the 'deferred revenue expenditure' -...Interest upfront to the debenture holder - AO treated it as the 'deferred revenue expenditure' - whether is allowable as a deduction in the first year itself or it is to be spread over a period of five years, being the life of the debentures? - entire expenditure allowed in the first year - SC ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
