https://www.taxtmi.com/highlights?id=53788 Interest expenditure on Compulsorily Convertible Debentures [CCDs] - the deduction claimed by the assessee has to be allowed. We may also clarify that the Thin Capitalisation principle was neither invoked by the AO or the CIT(Appeals) in the present case nor were those rules part of the statute for the relevant AY in this appeal. en-us Mon, 22 Jun 2020 08:10:59 +0530 Mon, 22 Jun 2020 08:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53788 Interest expenditure on Compulsorily Convertible Debentures [CCDs] - the deduction claimed by the assessee has to be allowed. We may also clarify that the Thin Capitalisation principle was neither invoked by the AO or the CIT(Appeals) in the present case nor were those rules part of the statute for the relevant AY in this appeal. Highlights Income Tax Mon, 22 Jun 2020 08:10:59 +0530 https://www.taxtmi.com/highlights?id=53788