https://www.taxtmi.com/highlights?id=54984 Reopening of assessment u/s 147 - transfer of shares as gift - While initially contention of the petitioner that such transfer of shares was a gift without consideration was accepted, subsequently the above view was revised to treat the transfer of shares not as a gift and to tax the said transaction on the market value of the shares; this is nothing but change of opinion - HC en-us Thu, 01 Oct 2020 16:31:40 +0530 Thu, 01 Oct 2020 16:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54984 Reopening of assessment u/s 147 - transfer of shares as gift - While initially contention of the petitioner that such transfer of shares was a gift without consideration was accepted, subsequently the above view was revised to treat the transfer of shares not as a gift and to tax the said transaction on the market value of the shares; this is nothing but change of opinion - HC Highlights Income Tax Thu, 01 Oct 2020 16:31:40 +0530 https://www.taxtmi.com/highlights?id=54984