This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Buyback through High Court approved scheme needs verification of NAV valuation u/r 11UA: Matter remitted
Case Law Details
- Case Name
- Updater Services Limited Vs DCIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2017-18
- Courts
- All ITAT, ITAT Chennai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Updater Services Limited Vs DCIT (ITAT Chennai)
ITAT Chennai held that the matter of buyback through High Court approved scheme of arrangment remitted back for verification of NAV valuation under rule 11UA and also to analyize applicability of section 115QA. Accordingly, appeal restored back.
Facts- The assessee Updater Services Limited is engaged in the business of providing manpower and facility management services to various industries such as information technology, manufacturing, hospitality, catering services, etc. The case of the assessee was selected for scrutiny asse...
Author Info
