2009 (11) TMI 582

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....as come up in this appeal under section 260A of the Income-tax Act 1961, challenging the legality and correctness of the order passed by the Income-tax Appellate Tribunal, Bangalore, in I. T. A. No. 53/Bang/1997 dated November 19, 2003.   2. The appeal was admitted on the following substantial question of law :   "(1) Whether the Tribunal was correct in holding that expenses incurr....

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....es treating it as a revenue expenditure and disallowed the claim in regard to the convertible portion of debenture. Aggrieved by the same, the assessee filed an appeal before the Income-tax Appellate Tribunal, Bangalore Bench, which appeal came to be allowed treating the expenditure incurred for convertible debentures as a revenue expenditure and not as a capital expenditure. This order is called ....