The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Strides Shasun Ltd. v. The ACIT held that the expenditure of premium of redemption of foreign currency convertible bonds is revenue in nature. The issue before the present Tribunal is against the order of Assessing Officer (AO) w.r.t. disallowing […]
The post Expenditure of Premium of Redemption of Foreign Currency Convertible Bonds is Revenue in Nature: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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