https://www.taxtmi.com/caselaws?id=119817 The Tribunal found in favor of the assessee, ruling that the Assessing Officer's assessment of goodwill and asset valuation was unfounded. The additions for long-term and short-term capital gains were deleted due to lack of evidence supporting fair market value exceeding book value. Consequently, the appeal was allowed, rendering other issues moot. The charging of interest under section 234B was considered consequential and disposed of accordingly. en-us Fri, 10 Nov 2006 00:00:00 +0530 Fri, 13 Jul 2012 13:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119817 The Tribunal found in favor of the assessee, ruling that the Assessing Officer's assessment of goodwill and asset valuation was unfounded. The additions for long-term and short-term capital gains were deleted due to lack of evidence supporting fair market value exceeding book value. Consequently, the appeal was allowed, rendering other issues moot. The charging of interest under section 234B was considered consequential and disposed of accordingly. Case-Laws Income Tax Fri, 10 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119817