https://www.taxtmi.com/caselaws?id=359027 The High Court upheld the Tribunal's findings on the transfer of shares and denial of exemption under Section 54F. However, it ruled in favor of the appellant on the issue of substituting the sale consideration with the market value. The appeal regarding the penalty for concealment of income was dismissed. The appeals were disposed of with no order as to costs. en-us Fri, 20 Apr 2018 00:00:00 +0530 Thu, 31 May 2018 15:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359027 The High Court upheld the Tribunal's findings on the transfer of shares and denial of exemption under Section 54F. However, it ruled in favor of the appellant on the issue of substituting the sale consideration with the market value. The appeal regarding the penalty for concealment of income was dismissed. The appeals were disposed of with no order as to costs. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359027