Interest upfront to the debenture holder - AO treated it as the ...

Income Tax

March 26, 2015

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

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Interest upfront to the debenture holder - AO treated it as the ...

Income Tax

March 26, 2015

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