Supreme Court Upholds Tax on Share Buybacks: Genpact India vs. Deputy Commissioner of Income Tax (22 November 2019)

/ Assessment and Appeals, Companies Act, 1956, Companies Act, 1956 with Section 391, Companies Act, 1956 with Section 77A, Constitutional Law, Constitutional Law with Article 226, Income Tax Act, 1961, Income Tax Act, 1961 with Section 115QA, Income Tax Act, 1961 with Section 246A, Indira Banerjee, Judges, Uday Umesh Lalit

Supreme Court Upholds Tax on Share Buybacks: Genpact India vs. Deputy Commissioner of Income Tax (2019) LEGAL ISSUE: Whether a company is liable to pay additional income tax on buyback of shares under Section 115QA of the Income Tax Act, 1961, even when the buyback is part of a scheme of arrangement approved by the […]

Supreme Court Upholds Tax on Share Buybacks: Genpact India vs. Deputy Commissioner of Income Tax (22 November 2019) Read Post »