2012 (11) TMI 1138

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.... the revenue following questions of law arise out of the order of the ITAT dated 27/7/2010. a) Whether on the facts and circumstances of the case, the ITAT is right in law in holding that the Debentures would be convertible into shares by virtue of exercising of an "option" which would be at a future date and that it was not certain whether the option would be exercised or not? b) Whether on t....