https://www.taxtmi.com/caselaws?id=239105 The High Court allowed the appeal and remanded the matter to the Income Tax Appellate Tribunal for consideration of the legal question raised by the appellant regarding the applicability of Section 77-A of the Companies Act to the buyback of shares and its impact on Section 2(22)(d) of the Income-tax Act. The Court held that legal questions could be raised during the appeal process without being explicitly included as grounds, criticizing the Tribunal for not addressing the legal issue raised by the appellant. en-us Wed, 28 Aug 2013 00:00:00 +0530 Wed, 06 Nov 2013 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239105 The High Court allowed the appeal and remanded the matter to the Income Tax Appellate Tribunal for consideration of the legal question raised by the appellant regarding the applicability of Section 77-A of the Companies Act to the buyback of shares and its impact on Section 2(22)(d) of the Income-tax Act. The Court held that legal questions could be raised during the appeal process without being explicitly included as grounds, criticizing the Tribunal for not addressing the legal issue raised by the appellant. Case-Laws Income Tax Wed, 28 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239105