SEABIRD MARINE SERVICES PRIVATE LIMITED,JAMNAGAR vs. ACIT, CIRCLE - 1, JAMNAGAR, JAMANGAR

In the result, ground No.4 raised by the assessee is allowed

deemed dividend_u/s\n2(22)(d) of the Act, despite the fact that capital reduction is carried out for NIL\nconsideration.\n(v). considering transaction of capital reduction of assessee- company, as buy back to\nbe covered u/s 115QA, despite the fact that capital reduction is carried out for NIL\nconsideration.\n4. Grounds of Appeal in relation to computation

M/S. D.M.L. EXIM PVT. LTD.,,RAJKOT-GUJARAT vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5,, RAJKOT-GUJARAT

Appeal is dismissed