Provisions of Sec. 46A applicable if Indian Co. is buying back its shares from non-resident parent Co.: AAR

INCOME TAX : Where applicant, a German company, was holding shares of its wholly owned subsidiary PQR India as an investment and PQR India is proposing to buy back its shares from applicant, consideration received on buy back of shares is clearly taxable under section 46AINCOME TAX : Where applicant, a German company, was holding shares of its wholly owned subsidiary PQR India as an investment and PQR India is proposing to buy back its shares from applicant, consideration received on buy back of shares is clearly taxable under section 46Awww.taxmann.com Latest Case LawsRead More

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