Applicability of section 56(2)(viia) on Buy back of shares

CA Nirmit Sharma | Last updated: 06 April 2019

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Vora Financials Vs ACIT ITAT Mumbai Bench Brief facts of the case: M/s Vora Financials Services Private Limited (assessee) is engaged in the business of trading in shares and derivatives. The assessee, during the assessment year 2014-15, made an offer to existing shareholders for buyback of 2

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About the Author

CA Nirmit Sharma

Tax Executive

Im a Chartered Accountant by profession and working as an Executive in Merger and Acquisition,PE and Deal Advisoryin one the the big four. I like networking and thats the reason Im hereto buildmy professional network and share knowledge and experience. I can be reached @ nirmitsharma1993 @ gmail.com.

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Applicability of section 56(2)(viia) on Buy back of shares

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