https://www.taxtmi.com/caselaws?id=255049 The High Court upheld the Tribunal's decision that the Assessing Officer's order for the assessment year 2006-07 was reasonable and not erroneous or prejudicial to the Revenue's interest. The Court found no legal flaws in the Tribunal's factual findings, dismissing the appeal as no substantial question of law was raised. The initial consideration of Rs. 2.7 crores for share purchase, in line with the agreement terms, was deemed appropriate, leading to the dismissal of the appeals without costs. en-us Thu, 04 Dec 2014 00:00:00 +0530 Wed, 07 Jan 2015 06:43:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255049 The High Court upheld the Tribunal's decision that the Assessing Officer's order for the assessment year 2006-07 was reasonable and not erroneous or prejudicial to the Revenue's interest. The Court found no legal flaws in the Tribunal's factual findings, dismissing the appeal as no substantial question of law was raised. The initial consideration of Rs. 2.7 crores for share purchase, in line with the agreement terms, was deemed appropriate, leading to the dismissal of the appeals without costs. Case-Laws Income Tax Thu, 04 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255049