https://www.taxtmi.com/caselaws?id=782639 The ITAT set aside the order of the CIT(A) and remanded the matter to the AO for de novo assessment. It held that the authorities had not properly examined critical aspects relating to buy-back of shares, including NAV valuation under Rule 11UA, availability of non-interest-bearing funds, applicability of relevant judicial precedents, the statutory ceiling under Section 77A of the Companies Act, and the true nature of the scheme. The AO has been directed to re-examine, with due opportunity to the assessee, the applicability of Section 115QA, the addition under Section 56(2)(viia), and disallowance under Section 36(1)(iii). All legal and factual issues remain open. en-us Fri, 14 Nov 2025 00:00:00 +0530 Tue, 02 Dec 2025 08:35:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782639 The ITAT set aside the order of the CIT(A) and remanded the matter to the AO for de novo assessment. It held that the authorities had not properly examined critical aspects relating to buy-back of shares, including NAV valuation under Rule 11UA, availability of non-interest-bearing funds, applicability of relevant judicial precedents, the statutory ceiling under Section 77A of the Companies Act, and the true nature of the scheme. The AO has been directed to re-examine, with due opportunity to the assessee, the applicability of Section 115QA, the addition under Section 56(2)(viia), and disallowance under Section 36(1)(iii). All legal and factual issues remain open. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782639