https://www.taxtmi.com/caselaws?id=11898 The High Court dismissed the Department's appeal, affirming that the old shares were valued at cost and not market price, aligning with the principles established in the K.A. Patch case. The judgment highlighted the correct valuation method and upheld the Tribunal's decision, emphasizing the application of relevant legal precedents in determining tax liability. en-us Wed, 22 Jan 2003 00:00:00 +0530 Thu, 11 Feb 2010 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11898 The High Court dismissed the Department's appeal, affirming that the old shares were valued at cost and not market price, aligning with the principles established in the K.A. Patch case. The judgment highlighted the correct valuation method and upheld the Tribunal's decision, emphasizing the application of relevant legal precedents in determining tax liability. Case-Laws Income Tax Wed, 22 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11898