https://www.taxtmi.com/caselaws?id=151103 The Tribunal allowed the appeal in part, ruling that the Assessing Officer could not substitute the fair market value for the shares transferred by the assessee. However, it upheld the decision to classify the shares as short-term capital assets and disallow the interest paid under section 57(iii) of the Income-tax Act. en-us Fri, 30 Apr 2010 00:00:00 +0530 Fri, 16 Sep 2016 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151103 The Tribunal allowed the appeal in part, ruling that the Assessing Officer could not substitute the fair market value for the shares transferred by the assessee. However, it upheld the decision to classify the shares as short-term capital assets and disallow the interest paid under section 57(iii) of the Income-tax Act. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151103