https://www.taxtmi.com/caselaws?id=205821 The Department's appeal was allowed for statistical purposes, remanding the matter to the Assessing Officer (A.O.) to determine the actual book value of unquoted shares. If the book value was lower than the sale price, no addition would be necessary. The decision was rendered on 08.09.2011. en-us Thu, 08 Sep 2011 00:00:00 +0530 Fri, 23 Sep 2011 23:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205821 The Department's appeal was allowed for statistical purposes, remanding the matter to the Assessing Officer (A.O.) to determine the actual book value of unquoted shares. If the book value was lower than the sale price, no addition would be necessary. The decision was rendered on 08.09.2011. Case-Laws Income Tax Thu, 08 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205821