Case Law Details
Case Name : CIT Vs Chemosyn Ltd. (Bombay High Court)
Related Assessment Year :
Courts :
All High Courts Bombay High Court
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CA Aishwaryaa V
In a recent ruling that will have a bearing on the buyback activities, the Bombay High Court held that the premium paid for buyback of shares shall be tax deductible as business expenditure. (CIT v. Chemosyn Ltd).
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