https://www.taxtmi.com/caselaws?id=203172 The Tribunal upheld the CIT(Appeals)'s decision, directing the Assessing Officer to compute the income based on the actual consideration received for the shares, which was Rs. 12 per share. Despite the shares being sold at a lower value than the fair market price, the Tribunal found no evidence of any undisclosed higher consideration, affirming that the capital gains computation should not be altered without such evidence. The appeal was dismissed, and the judgment was pronounced on 25 February 2011. en-us Fri, 25 Feb 2011 00:00:00 +0530 Fri, 31 May 2013 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203172 The Tribunal upheld the CIT(Appeals)'s decision, directing the Assessing Officer to compute the income based on the actual consideration received for the shares, which was Rs. 12 per share. Despite the shares being sold at a lower value than the fair market price, the Tribunal found no evidence of any undisclosed higher consideration, affirming that the capital gains computation should not be altered without such evidence. The appeal was dismissed, and the judgment was pronounced on 25 February 2011. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203172