https://www.taxtmi.com/caselaws?id=78288 The court ruled in favor of the assessee regarding the addition of capital gains from the transfer of equity shares. The court emphasized the need to prove that the assessee received more than the declared consideration and criticized the Assessing Officer's valuation method for not considering appropriate methods. Citing relevant case law, the court held that no addition could be made under section 52 of the Income-tax Act. The court did not address the clubbing of income under section 64(1)(ii) due to its insignificant tax effect. en-us Mon, 16 Aug 2010 00:00:00 +0530 Sat, 13 Nov 2010 12:25:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78288 The court ruled in favor of the assessee regarding the addition of capital gains from the transfer of equity shares. The court emphasized the need to prove that the assessee received more than the declared consideration and criticized the Assessing Officer's valuation method for not considering appropriate methods. Citing relevant case law, the court held that no addition could be made under section 52 of the Income-tax Act. The court did not address the clubbing of income under section 64(1)(ii) due to its insignificant tax effect. Case-Laws Income Tax Mon, 16 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78288