https://www.taxtmi.com/caselaws?id=25550 The Tribunal concluded that the purchase price of shares represented their market value on the date of purchase, as they were acquired at the public subscription price. The Tribunal rejected treating the difference between the purchase price and intrinsic value as income, emphasizing the market value determination based on public subscription price. The Tribunal disregarded the influence of financial history on market value assessment, holding that public subscription price was the appropriate valuation method. The Tribunal dismissed the petitions without costs, affirming that the shares were purchased at their market value. en-us Thu, 09 Apr 1987 00:00:00 +0530 Fri, 29 Jan 2010 13:38:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25550 The Tribunal concluded that the purchase price of shares represented their market value on the date of purchase, as they were acquired at the public subscription price. The Tribunal rejected treating the difference between the purchase price and intrinsic value as income, emphasizing the market value determination based on public subscription price. The Tribunal disregarded the influence of financial history on market value assessment, holding that public subscription price was the appropriate valuation method. The Tribunal dismissed the petitions without costs, affirming that the shares were purchased at their market value. Case-Laws Income Tax Thu, 09 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25550