https://www.taxtmi.com/caselaws?id=238781 The High Court dismissed the appeal, affirming the decisions of the Commissioner of Income Tax (CIT) and the Income Tax Appellate Tribunal (ITAT) that the transactions involving the transfer of shares at different prices were genuine and not colorable devices to evade tax. The Court found that the transactions were legitimate within the legal framework and not aimed at tax evasion, ultimately ruling against the Appellants. en-us Wed, 23 Oct 2013 00:00:00 +0530 Thu, 07 May 2026 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238781 The High Court dismissed the appeal, affirming the decisions of the Commissioner of Income Tax (CIT) and the Income Tax Appellate Tribunal (ITAT) that the transactions involving the transfer of shares at different prices were genuine and not colorable devices to evade tax. The Court found that the transactions were legitimate within the legal framework and not aimed at tax evasion, ultimately ruling against the Appellants. Case-Laws Income Tax Wed, 23 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238781