The Madras High Court has held that the shares purchased pursuant to the order of Company Court would not amount to capital gain and rather to be treated as a dividend. The assessee, engaged in the business of development of computer software and related services & export, bought back its own shares. Thereafter, during the […]
The post Share Purchase as per Order of Company Court constitute Dividend, not Capital Gain: Madras High Court dismisses Cognizant’s Plea [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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