HC: Debenture transfer at ‘nil’ consideration, not ‘colorable-device', notes commercial rationale, upholds business-loss


HC confirms ITAT’s orders, holds loss on sale of non-convertible debentures (‘NCDs’) to assessees (promoter shareholders in JISCO), a business loss, allows deduct...

Purchase this Article

2000₹   Buy Now

For 2000₹, purchase this and receive immediate online access.


Already a Subscriber?

Log in for complete access.

Log In


Contact Vidyadhar Mhatre at +91 93200 54016
Email - sales@taxsutra.com