TMI BlogThere is no distinction between discount and premium, the discount on debentures as well as the premium...There is no distinction between discount and premium, the discount on debentures as well as the premium payable on actual redemption on debentures in future years and the expenditure incurred for issue of such debentures are all held to be revenue expenditure - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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