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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Since assessee has incurred the expenditure on issue of ...


Expenditure on Issuance of Convertible Debentures for Capital Expansion Classified as Capital Expenditure.

July 15, 2016

Case Laws     Income Tax     AT

Since assessee has incurred the expenditure on issue of convertible debenture, which is directly related to the expansion of capital base of the company, such expenditure is to be treated as capital expenditure. - AT

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