case, Hon'ble
ITAT has justified in deleting the addition of FCCB proceeds ... case, Hon'ble ITAT
has justified in deleting the addition of FCCB proceeds of
Rs.1304
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
being pro-rata
premium on Foreign Currency Convertible Bonds (FCCB) is erroneous and
arbitrary. In the facts and circumstances of the case, the entire premium ... allowable as expenditure as FCCB's were issued for obtaining finance
for general business purposes of the entire appellant's business
being pro-rata
premium on Foreign Currency Convertible Bonds (FCCB) is erroneous and
arbitrary. In the facts and circumstances of the case, the entire premium ... allowable as expenditure as FCCB's were issued for obtaining finance
for general business purposes of the entire appellant's business
Investment : (21,41,824)
in Caraco Pharmaceutical Laboratories Ltd.
2. Reinstatement of FCCB : 27,66,11,029
3. Reinstatement of FCCB proceeds ... Reinstatement of loan to other subsidiaries out : (3,71,91,342)
of FCCB Proceeds -----------------
24,01,43,981
=========
7.1. At the outset
Investment : (21,41,824)
in Caraco Pharmaceutical Laboratories Ltd.
2. Reinstatement of FCCB : 27,66,11,029
3. Reinstatement of FCCB proceeds ... Reinstatement of loan to other subsidiaries out : (3,71,91,342)
of FCCB Proceeds -----------------
24,01,43,981
=========
7.1. At the outset
Investment : (21,41,824)
in Caraco Pharmaceutical Laboratories Ltd.
2. Reinstatement of FCCB : 27,66,11,029
3. Reinstatement of FCCB proceeds ... Reinstatement of loan to other subsidiaries out : (3,71,91,342)
of FCCB Proceeds -----------------
24,01,43,981
=========
7.1. At the outset
