https://www.taxtmi.com/caselaws?id=191117 The appeal under section 260(A) of the Income Tax Act, 1961 was dismissed in part and admitted in part. The expenses on the buyback of shares were allowed as a revenue deduction as they were deemed to be for the existing business of the company. The feasibility report expenditure question did not arise in the matter. The issue of deletion of interest charges under section 234D was specifically admitted for consideration. The judgment was based on the specific circumstances and legal provisions of the Income Tax Act, resulting in a mixed outcome for the appellant. en-us Thu, 09 Aug 2012 00:00:00 +0530 Tue, 21 Mar 2017 15:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191117 The appeal under section 260(A) of the Income Tax Act, 1961 was dismissed in part and admitted in part. The expenses on the buyback of shares were allowed as a revenue deduction as they were deemed to be for the existing business of the company. The feasibility report expenditure question did not arise in the matter. The issue of deletion of interest charges under section 234D was specifically admitted for consideration. The judgment was based on the specific circumstances and legal provisions of the Income Tax Act, resulting in a mixed outcome for the appellant. Case-Laws Income Tax Thu, 09 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191117