https://www.taxtmi.com/caselaws?id=431417 The Tribunal allowed the appeals for statistical purposes, remitting various issues back to the AO/TPO for fresh consideration based on previous Tribunal orders and legal precedents. Key outcomes included the treatment of Compulsory Convertible Debentures (CCDs) as debt until conversion, allowing interest on CCDs, permitting foreign exchange loss deduction if loans were used for revenue purposes, deleting disallowances under Section 14A, and directing verification and correction of TDS and advance tax credits. Penalty proceedings under Section 271(1)(c) were dismissed. en-us Tue, 22 Nov 2022 00:00:00 +0530 Mon, 12 Dec 2022 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431417 The Tribunal allowed the appeals for statistical purposes, remitting various issues back to the AO/TPO for fresh consideration based on previous Tribunal orders and legal precedents. Key outcomes included the treatment of Compulsory Convertible Debentures (CCDs) as debt until conversion, allowing interest on CCDs, permitting foreign exchange loss deduction if loans were used for revenue purposes, deleting disallowances under Section 14A, and directing verification and correction of TDS and advance tax credits. Penalty proceedings under Section 271(1)(c) were dismissed. Case-Laws Income Tax Tue, 22 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431417