Income Tax
Key Takeaways: Reduction of share capital via buy-back cannot be treated as property acquisition under Sec 56(2)(x)
By Jugal Parikh & Associates
08 May 2026
2 min read
Delhi HC ruled share buy-back below FMV is not taxable under Sec 56(2)(x) as shares are extinguished, not acquired as property.
#income tax
#case law
