Disallowance of premium payable on redemption of debentures - ...

Case Laws Income Tax

December 8, 2022

Disallowance of premium payable on redemption of debentures - addition on account of claim of premium on non-convertible debentures on proportionate basis - the moment the debentures were issued, the liability had arisen against the assessee which would constitute on expenditure allowable u/s 37 - Claim on proportionate basis cannot be disallowed - AT

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Disallowance of premium payable on redemption of debentures - ...

Case Laws Income Tax

December 8, 2022

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