https://www.taxtmi.com/caselaws?id=219433 The Tribunal set aside the Commissioner's revision order under section 263 of the IT Act, ruling that the market value of shares cannot replace the actual sale consideration for computing capital gains. The Tribunal found no evidence of understatement of consideration and held that the Commissioner's directions were against established legal principles. As a result, the Tribunal allowed the assessee's appeal, emphasizing that the actual sale consideration should be used to determine capital gains under section 48. en-us Wed, 25 Jul 2012 00:00:00 +0530 Wed, 06 Apr 2016 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219433 The Tribunal set aside the Commissioner's revision order under section 263 of the IT Act, ruling that the market value of shares cannot replace the actual sale consideration for computing capital gains. The Tribunal found no evidence of understatement of consideration and held that the Commissioner's directions were against established legal principles. As a result, the Tribunal allowed the assessee's appeal, emphasizing that the actual sale consideration should be used to determine capital gains under section 48. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219433