DY. COMMISSIONER OF INCOME TAX , CIRCLE-3(2), HYDERABAD vs. STAR FEATURES INTERNATIONAL PRIVATE LIMITED , HYDERABAD

In the result appeal of the Revenue is allowed for statistical purposes as indicated herein above

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2009-10 Dcit, Vs. Star Features Circle-3(2), International Private Hyderabad. Limited, Hyderabad. Pan: Aaccp 3799 G (Appellant) (Respondent) Assessee By: Sri M.V. Anil Kumar Revenue By: Sri T. Sunil Goutam, Sr. Ar Date Of Hearing: 01/12/2021 Date Of Pronouncement: 01/02/2022 Order Per A. Mohan Alankamony, Am.:

disallowance of expenditure incurred on account of premium paid for buy-back of shares on the ground that the Assessing Officer does not have the jurisdiction to go behind the net profit shown in the P & L Account except to the explanation to section 115J