https://www.taxtmi.com/caselaws?id=116713 The appeal was partly allowed by the Tribunal. The disallowance of Rs. 11,01,379 for expenses on convertible debentures was overturned, while the disallowance of Rs. 68,096 under section 35D was upheld. The Tribunal permitted the deduction of Rs. 5,43,257 interest income from share issue expenses. The Rs. 2 lakhs membership fees paid to OTCEI were allowed based on precedent. The issue regarding section 80M deduction was dismissed as not pressed. en-us Tue, 09 Dec 2003 00:00:00 +0530 Mon, 01 Jul 2024 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116713 The appeal was partly allowed by the Tribunal. The disallowance of Rs. 11,01,379 for expenses on convertible debentures was overturned, while the disallowance of Rs. 68,096 under section 35D was upheld. The Tribunal permitted the deduction of Rs. 5,43,257 interest income from share issue expenses. The Rs. 2 lakhs membership fees paid to OTCEI were allowed based on precedent. The issue regarding section 80M deduction was dismissed as not pressed. Case-Laws Income Tax Tue, 09 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116713