https://www.taxtmi.com/caselaws?id=335130 The Tribunal allowed the appeal, setting aside the orders of the CIT(A) and AO. It upheld the assessee's valuation of shares at Rs. 1195/- per share and the resultant capital gains computation. The Tribunal concluded that the transaction was genuine, commercially justified, and the assessee correctly claimed the exemption under Section 54EC. The appeal was allowed, and the assessment order computing capital gains based on NAV and taxing the difference as unexplained income was overturned. en-us Thu, 22 Sep 2016 00:00:00 +0530 Sat, 26 Nov 2016 10:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335130 The Tribunal allowed the appeal, setting aside the orders of the CIT(A) and AO. It upheld the assessee's valuation of shares at Rs. 1195/- per share and the resultant capital gains computation. The Tribunal concluded that the transaction was genuine, commercially justified, and the assessee correctly claimed the exemption under Section 54EC. The appeal was allowed, and the assessment order computing capital gains based on NAV and taxing the difference as unexplained income was overturned. Case-Laws Income Tax Thu, 22 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335130