https://www.taxtmi.com/caselaws?id=267492 The High Court ruled in favor of the Assessee in a case concerning the deduction of Issue Management Expenses and additions made by the Assessing Officer based on show cause notices. The Court allowed the deduction of expenses related to the issuance of convertible bonds as revenue expenditure. Additionally, it held that additions made solely on the basis of show cause notices without proper investigation were invalid. Consequently, the Court dismissed the appeal, upholding decisions in favor of the Assessee on both issues. en-us Tue, 04 Aug 2015 00:00:00 +0530 Fri, 06 Nov 2015 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267492 The High Court ruled in favor of the Assessee in a case concerning the deduction of Issue Management Expenses and additions made by the Assessing Officer based on show cause notices. The Court allowed the deduction of expenses related to the issuance of convertible bonds as revenue expenditure. Additionally, it held that additions made solely on the basis of show cause notices without proper investigation were invalid. Consequently, the Court dismissed the appeal, upholding decisions in favor of the Assessee on both issues. Case-Laws Income Tax Tue, 04 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267492