Company Share Buybacks Subject to Dividend Distribution Tax u/s 115O; No Show Cause Notice Required for Tax Demand.

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....Dividend distribution Tax (DDT) - buy back its own shares - distribution of accumulated profit - Section 115O is a charging section on its own and they do not demand for issuing any show cause notice and then passing any order - unless the law requires, the AO need not issue notice before making a demand u/s 115O....