Begin typing your search above and press return to search.
![Interest on Compulsorily Convertible Debentures Allowable as Revenue Deduction u/s 36(1)(iii) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Interest-Earned-Surplus-Grants-Should-Not-Be-Taxed-as-Income-ITAT-Interest-Surplus-taxscan.jpg "Interest on Compulsorily Convertible Debentures Allowable as Revenue Deduction u/s 36(1)(iii) of the Income Tax Act: ITAT [Read Order]")
Interest on Compulsorily Convertible Debentures Allowable as Revenue Deduction u/s 36(1)(iii) of the Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Compulsorily Convertible Debentures (CCDs) are in the nature of borrowed fund...
![COVID-19: MCA extends Time for Creation of Deposit Repayment Reserve of 20% and to Invest or Deposit 15% of Amount of Debentures [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/06/MCA-deposit-repayment-debentures-COVID-19-Taxscan.jpg "COVID-19: MCA extends Time for Creation of Deposit Repayment Reserve of 20% and to Invest or Deposit 15% of Amount of Debentures [Read Circular]")
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 Income Tax Act in respect of interest/service charges...
![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]")