Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Disallowance finance cost - borrowings through debentures issued - objection that quantum of borrowing made together with the period of borrowings such rates of interest are highly excessive - Once it has been established through documentary evidence that borrowing has been made through the debentures and utilized for the purpose of business - cost incurred on redemption of debentures is allowable u/s 36(1)(iii)
Disallowance finance cost - borrowings through debentures issued - objection that quantum of borrowing made together with the period of borrowings such rates of interest are highly excessive - Once it has been established through documentary evidence that borrowing has been made through the debentures and utilized for the purpose of business - cost incurred on redemption of debentures is allowable u/s 36(1)(iii)
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