2013 (3) TMI 838

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....ent. P.C. :- 1. Office objections waived. 2. Appeal is admitted on the following substantial questions of law :- (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was correct in allowing the expenditure incurred for FCCB (Foreign Currency Convertible Bonds) which included bank charges, administrative fees and out of pocket expenses ? ....

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....ature and requires to be capitalized ? (v) Whether on the facts and in the circumstances of the case and in law, the Tribunal was correct in deleting the disallownace of pro rata premium of Rs. 5.39 crores payable on redemption fo Foreign Currency Convertibel Bonds (FCCB), which are fully convertible into equity shares of the company and therefore, such expenses are to be treated as capit....