https://www.taxtmi.com/caselaws?id=410029 The addition based on an alleged undervaluation of share sale consideration was unsustainable because Form 10DB figures were generated for Securities Transaction Tax purposes using the broker's methodology and volume weighted average price, not as the actual sale price recorded in the contract notes. The mismatch arose from comparing delivery and non-delivery or speculative transactions on an inconsistent basis, and the Revenue did not rebut the assessee's reconciliation. On that footing, the adjustment was deleted and relief was granted to the assessee. en-us Mon, 12 Apr 2021 00:00:00 +0530 Fri, 23 Jul 2021 08:57:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410029 The addition based on an alleged undervaluation of share sale consideration was unsustainable because Form 10DB figures were generated for Securities Transaction Tax purposes using the broker's methodology and volume weighted average price, not as the actual sale price recorded in the contract notes. The mismatch arose from comparing delivery and non-delivery or speculative transactions on an inconsistent basis, and the Revenue did not rebut the assessee's reconciliation. On that footing, the adjustment was deleted and relief was granted to the assessee. Case-Laws Income Tax Mon, 12 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410029