Whether input tax credit is allowed on expenses incurred on buy-back of shares ?
TRT-2025-772

Issue Favourable to Tax Payer ?:- yes

Held - We have heard the rival submissions and perused the material on record. The Hon'ble High Court of Karnataka in the case of CIT v. Motor Indu.....

TRT-2025-771

Issue Favourable to Tax Payer ?:- yes

Held - The increase in the capital results in expansion of the capital base of the company and incidentally that would help in the business of the .....