Equity - Definition / Legal Terminology - Income Tax

Equity means- the sum expressed in Indian Rupees representing the paid up equity share capital of the Concessionaire for meeting the equity component of the Total Project Cost, and shall for the purposes of this Agreement include convertible instruments or other similar forms of capital, which shall compulsorily convert into equity share capital of the company, and any interest free funds advanced by any shareholder of the Company for meeting such equity component, but does not include Equity Support. [M/S. IFCI LIMITED VERSUS SUTANU SINHA ORS. - [ 2023 (12) TMI 129 - SUPREME COURT (LB) ] - Classification of Compulsorily Convertible Debentures (CCDs) as debt or equity]