https://www.taxtmi.com/caselaws?id=333967 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to treat the transaction as an investment resulting in long-term capital gain and accepting the sale price of Rs. 12,500 per share for computing the capital gain. The Tribunal found that the AO's conclusions were based on suspicion and incorrect valuation methods, lacking concrete evidence. en-us Thu, 01 Sep 2016 00:00:00 +0530 Sat, 29 Oct 2016 11:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333967 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to treat the transaction as an investment resulting in long-term capital gain and accepting the sale price of Rs. 12,500 per share for computing the capital gain. The Tribunal found that the AO's conclusions were based on suspicion and incorrect valuation methods, lacking concrete evidence. Case-Laws Income Tax Thu, 01 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333967