Corporate TaxArticle·30 July 2026

FCCB premium deductible

By J the App

Executive Summary

The Delhi High Court, by order dated 23 July 2026, dismissed the Revenue's appeals against SpiceJet Limited, holding that premium payable on redemption of FCCBs constitutes revenue expenditure. The Court also observed that the issue regarding amortisation over the life of the bonds was already settled and had not been raised before the appellate authorities.

Domain | Direct Tax | Corporate Tax

Background

The dispute arose from the Re...

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