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Dcit, Chennai vs Sical Logistics Ltd., Chennai on 18 August, 2017 आयकर अपील य अ

invalid. 10. The Ld. CIT(A) erred in upholding the disallowance towards FCCB expenditure of Rs. 7,30,66,667/-, which is incorrect ... ought to have appreciated the fact that FCCB are not capital in nature in view of the above notification, it is revenue in nature because

Stamp Duty on issue of Bonus Shares E Expenditure on issue of FCCB 3,15,063 Bank charges-FCCB 122,179 FCCB Bonds ... Premium payable on 'Foreign Currency Convertible Bonds'(FCCB) Rs. 5,39,94,814/- ITA No. 8597/Mum/2010 5 On the facts

Appellant in acquiring funds through issue of Foreign Currency Convertible Bond (FCCB). The proceeds have been received outside India after deduction of amount

Appellant in acquiring funds through issue of Foreign Currency Convertible Bond (FCCB). The proceeds have been received outside India after deduction of amount

Appellant in acquiring funds through issue of Foreign Currency Convertible Bond (FCCB). The proceeds have been received outside India after deduction of amount

Appellant in acquiring funds through issue of Foreign Currency Convertible Bond (FCCB). The proceeds have been received outside India after deduction of amount

Strides Arcolab Ltd, Navi Mumbai vs Asst Cir 10(3), Mumbai on 8 June, 2018

submitted that as regards difference in exchange on Foreign Currency Convertible Bonds (FCCB) of ` 27,40,189, the same has to be treated as revenue ... expenditure because the premium payable on FCCB has been allowed as revenue expenditure by the Tribunal and, therefore, it is a kind of an additional

loss of Rs. 21,92,00,000/- on foreign currency convertible bonds (FCCB) and therefore the company has restated the bonds at the exchange rates ... signatory), has considered the issue as to whether the FCCB issue expenses are in the nature of capital or Revenue and has held as under