Income Tax - Case Law - Narmada Chematur Petrochemicals Ltd now known as Gujarat Narmada Valley Fertilizers Company Ltd Versus The Asst CIT Bharuch Circle Bharuch 2013 7 TMI 113 ITAT AHMEDABAD

Expenses incurred on substitution of high interest bearing NCD s revenue v s capital explanation of the assessee that there was a programme of debt re structuring by the company therefore an expenditure was incurred on p.......... Income Tax - Case Law