https://www.taxtmi.com/caselaws?id=289160 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income Tax (Appeals) decision to delete the addition under Section 28(va) of the Income-tax Act. It found that the excess amount received by the assessee for the shares was a fair price, not a non-compete fee, considering the control transfer and the uniform price paid to all shareholders. The Tribunal concluded that the shares were sold at a legitimate price, justifying the deletion of the addition made by the Assessing Officer. en-us Wed, 28 Feb 2018 00:00:00 +0530 Fri, 17 Jul 2020 19:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289160 The Tribunal dismissed the Revenue's appeal, upholding the Commissioner of Income Tax (Appeals) decision to delete the addition under Section 28(va) of the Income-tax Act. It found that the excess amount received by the assessee for the shares was a fair price, not a non-compete fee, considering the control transfer and the uniform price paid to all shareholders. The Tribunal concluded that the shares were sold at a legitimate price, justifying the deletion of the addition made by the Assessing Officer. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289160