https://www.taxtmi.com/caselaws?id=188034 The Tribunal directed the Ld. CIT(A) to reconsider the section 35D issue based on previous findings. Regarding the buy back of equity shares, the Tribunal upheld Ld. CIT(A)'s decision that the expenditure was a business expenditure and not capital expenditure, following relevant case laws. The judgment provided a detailed analysis of the legal principles and case laws supporting the decisions on both issues. The appeal of the Assessee was allowed for statistical purposes, while the appeal of Revenue was partly allowed for statistical purposes. en-us Tue, 16 Sep 2014 00:00:00 +0530 Wed, 16 Nov 2016 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188034 The Tribunal directed the Ld. CIT(A) to reconsider the section 35D issue based on previous findings. Regarding the buy back of equity shares, the Tribunal upheld Ld. CIT(A)'s decision that the expenditure was a business expenditure and not capital expenditure, following relevant case laws. The judgment provided a detailed analysis of the legal principles and case laws supporting the decisions on both issues. The appeal of the Assessee was allowed for statistical purposes, while the appeal of Revenue was partly allowed for statistical purposes. Case-Laws Income Tax Tue, 16 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188034