Dcit, Chennai vs Sical Logistics Ltd., Chennai on 18 August, 2017
आयकर अपील य अ
been allowed, in
the nature of amount paid as premium on the buyback of shares by the
appellant company, while computing the income ... which included share capital of Rs.11,49,700/- and premium of buyback of
shares of Rs.28,88,50,628/-. After writing
complainant does not like to retain
the flat, OP will buyback the flat for Rs. 36,00,000/-. Op neither
handed over the possession ... promised nor refunded
the amount deposited alongwith additional amount agreed as
buyback. On his request, Op given two cheques
broker/counter party i.e. FGIL
and these transactions are of buyback in nature and in violation of
RBI guidelines. The Enquiry Officer has considered ... 1992, the petitioner conducted certain purchase and sale
transactions of buyback nature in violation of RBI guidelines. The
Enquiry Officer relied upon Exhibits
complainant does not like to retain the flat, OP will buyback the flat
Consumer Complaint ... complainant requested for refund of the
amount alongwith additional amount agreed as buyback. On his
request, Op given two cheques
complainant does not
like to retain the plot, OP will buyback the plot @ Rs. 15,500/-. The
Op never paid the amount nor handed over ... amount
Consumer Complaint No. 320 of 2017 3
paid alongwith buyback amount but of no use. It has been stated
that
very exorbitant high price. The Assessing
Officer has held that the buyback price is very exorbitant and therefore
the assessee has adopted this colourable device ... provide that any amount of distributed income by a
company on buyback of unlisted shares shall be charged to tax and
the company so distributing
complainant does not like to retain the flat, OP will
buyback the flat for Rs. 36,00,000/-. Op neither handed over the
possession ... amount
Consumer Complaint No. 319 of 2017 3
paid alongwith buyback amount but of no use. Alleging deficiency
in service on the part
complainant does not like to retain
the plot, OP will buyback the flat @ Rs. 15,500/-. Op neither
handed over the possession of the plot ... stated that
Rs. 4,14,000/- is due to the complainant as buyback by the Op
alongwith interest. Alleging deficiency in service on the part
complainant does not like to retain
the flat, OP will buyback the flat for Rs. 36,00,000/-. Op neither
handed over the possession ... that more than Rs. 23 Lacs is due to the complainant as
buyback by the Op alongwith interest and compensation. Alleging
Consumer Complaint