DENIAL OF EXEMPTION U/S 10(23C)
CANCELLATION OF REGISTRATION OF TRUST U/S 12AA
October 23, 2021ALLOWABILITY OF OUTSTANDING INTEREST CONVERTED INTO DEBENTURES AS AN EXPENSE U/S 43B OF THE INCOME TAX, 1961
October 23, 2021Key Takeaways:
- Facts and Issues of the case
- Observations of Honourable Supreme Court
- Conclusion and way forward