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    Income Tax

    Debentures, whether fully or partly or optionally convertible,...

    Interest on Debentures Deductible as Business Expense Until Conversion, Treated as Debt for Tax Purposes.

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    Income TaxFebruary 15, 2016Case LawsAT

    Debentures, whether fully or partly or optionally convertible, are nothing but debt till the date of conversion and any interest paid on these debentures is allowable as normal business expenditure - AT

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