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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Raising of Demand u/s 115-QA in order passed u/s 143(3) - buy ...


Appeal to CIT(A) challenging assessment order on equity share buyback demand u/s 115-QA to be decided by Oct 31.

August 23, 2019

Case Laws     Income Tax     HC

Raising of Demand u/s 115-QA in order passed u/s 143(3) - buy back of equity shares - the question regarding the interpretation of Section 115-QA, as it stood at the relevant time, can definitely be gone into by the CIT(A) - directed to file an appeal before the CIT (A) to challenge the impugned assessment order only insofar as it creates a demand u/s 115 QA - order shall be passed by CIT(A) not later than 31st October, 2019

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