https://www.taxtmi.com/caselaws?id=308220 The Tribunal partly allowed the appeal, directing the AO/TPO to re-evaluate the Arm's Length Price (ALP) of interest on Compulsory Convertible Debentures (CCDs) while confirming CCDs as debt for interest allowability. The issues of set-off of losses and consequential interest under sections 234B and 234D were not addressed due to lack of arguments and their dependence on the main issues. The decision was rendered on 02nd August 2022. en-us Tue, 02 Aug 2022 00:00:00 +0530 Wed, 07 Jun 2023 21:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308220 The Tribunal partly allowed the appeal, directing the AO/TPO to re-evaluate the Arm's Length Price (ALP) of interest on Compulsory Convertible Debentures (CCDs) while confirming CCDs as debt for interest allowability. The issues of set-off of losses and consequential interest under sections 234B and 234D were not addressed due to lack of arguments and their dependence on the main issues. The decision was rendered on 02nd August 2022. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308220