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![Interest / Service Charges paid on Funds raised to Subscribe Debentures are Allowable Expenditure: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Non-Convertible-debuntures-Tax-Scan.jpg "Interest / Service Charges paid on Funds raised to Subscribe Debentures are Allowable Expenditure: Delhi HC [Read Judgment]")
Interest / Service Charges paid on Funds raised to Subscribe Debentures are Allowable Expenditure: Delhi HC [Read Judgment]
In CIT v. M/S Virat Investment & Mercantile Co, the Delhi High Court ruled that the assessee was entitled to deduction under section 37 of the...