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The Economic Times

Global Business / The Economic Times

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Share buybacks not income, cant face I-T levy: Delhi High Court

The Delhi High Court ruled that company share buybacks below fair market value do not constitute taxable income, distinguishing them from asset acquisition. The court affirmed that such repurchases are capital restructuring, not profit generation, and upheld the Income Tax Appellate Tribunal's decision in a case involving Globe Capital Market.

18 Apr 2026 12:49 am