Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2019 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2019 (6) TMI 1641 - HC - Income TaxRevision u/s 263 - petitioner purchased its own shares as buy-back under Section 77 A of the Companies Act - Whether shares purchased under Section 77 A of the Companies Act cannot be regarded as dividend and the impugned notice has been issued in a hurried manner without providing sufficient time to the petitioner to send a reply and hence, it is liable to be set-aside? - HELD THAT:- In view of the elaborate orders passed [2019 (7) TMI 136 - MADRAS HIGH COURT] touching all the issues, this Writ Petition stands dismissed, directing the petitioner to file necessary objections to the show-cause notice within a period of 15 days and on such receipt, the same shall be considered by meeting out each and every objections raised, on merits and in accordance with law.
|