https://www.taxtmi.com/caselaws?id=59706 The Tribunal partially allowed the appeal, permitting the deduction of debenture issue expenses related to Part-B until conversion into equity shares, while treating Part-A expenses as capital in nature. The AO was directed to grant deduction under s. 35D(2) for Part-A expenses. en-us Tue, 27 Mar 2007 00:00:00 +0530 Thu, 26 Jul 2012 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59706 The Tribunal partially allowed the appeal, permitting the deduction of debenture issue expenses related to Part-B until conversion into equity shares, while treating Part-A expenses as capital in nature. The AO was directed to grant deduction under s. 35D(2) for Part-A expenses. Case-Laws Income Tax Tue, 27 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59706