https://www.taxtmi.com/caselaws?id=276242 The Tribunal partially allowed the appeal, directing the Assessing Officer to consider the actual sale consideration disclosed in the document for calculating long term capital gains. The assessment on a defunct company was deemed invalid, emphasizing the necessity of concrete evidence in tax assessments. The Tribunal found in favor of the appellant regarding the confirmation of the order by the first Appellate Authority, noting the lack of supporting evidence for the higher sale value assessed. en-us Tue, 19 Dec 2017 00:00:00 +0530 Fri, 02 Nov 2018 20:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276242 The Tribunal partially allowed the appeal, directing the Assessing Officer to consider the actual sale consideration disclosed in the document for calculating long term capital gains. The assessment on a defunct company was deemed invalid, emphasizing the necessity of concrete evidence in tax assessments. The Tribunal found in favor of the appellant regarding the confirmation of the order by the first Appellate Authority, noting the lack of supporting evidence for the higher sale value assessed. Case-Laws Income Tax Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276242