Expenses incurred on buy back of shares is capital expediture :ITAT
IN THE ITAT DELHI BENCH ‘B’ Cornell Overseas (P.) Ltd. v. Deputy Commissioner of Income-tax, Circle- 3 (1), New Delhi R.S. SYAL, ACCOUNTANT MEMBER AND N.K. CHOUDHARY, JUDICIAL MEMBER IT APPEAL NO. 2014 (DELHI) OF 2014 [ASSESSMENT YEAR 2005-06] AUGUST 16, 2016 Anil Kumar Sharma, Sr. DR. for the Respondent. ORDER R.S. Syal, Accountant Member… Read More »