https://www.taxtmi.com/caselaws?id=774683 ITAT Mumbai held that an unsigned assessment order in the name of a non-existent company was invalid, while a signed order in the successor company's name was valid. The tribunal ruled that Section 56(2)(viia) provisions do not apply to buyback of own shares as they do not become property of the recipient and fail the "shares of any other company" test, following precedents from multiple ITAT benches. The matter of interest income classification and deduction claims under Section 35AC was remanded to AO for fresh examination. en-us Wed, 09 Jul 2025 00:00:00 +0530 Sat, 12 Jul 2025 08:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774683 ITAT Mumbai held that an unsigned assessment order in the name of a non-existent company was invalid, while a signed order in the successor company's name was valid. The tribunal ruled that Section 56(2)(viia) provisions do not apply to buyback of own shares as they do not become property of the recipient and fail the "shares of any other company" test, following precedents from multiple ITAT benches. The matter of interest income classification and deduction claims under Section 35AC was remanded to AO for fresh examination. Case-Laws Income Tax Wed, 09 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774683