https://www.taxtmi.com/article/detailed?id=321 The article disputes treatment of unclaimed debenture redemptions credited to general reserves as taxable income, arguing debentures are capital borrowings whose write-back retains capital character; it distinguishes prior rulings on unclaimed customer advances (business receipts written back to profit) and notes statutory and accounting differences that, in the author's view, preclude applying business-receipt principles to capital liability reductions. en-us Thu, 26 Mar 2009 00:00:00 +0530 Thu, 26 Mar 2009 10:00:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=321 The article disputes treatment of unclaimed debenture redemptions credited to general reserves as taxable income, arguing debentures are capital borrowings whose write-back retains capital character; it distinguishes prior rulings on unclaimed customer advances (business receipts written back to profit) and notes statutory and accounting differences that, in the author's view, preclude applying business-receipt principles to capital liability reductions. Articles Income Tax Thu, 26 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=321