https://www.taxtmi.com/caselaws?id=442137 The HC upheld the decision of the Income Tax Appellate Tribunal, which corrected the Assessing Officer's error in applying the amended Rule 11UA for AY 2014-15. The Tribunal set aside the CIT(A)'s order, concluding that the AO incorrectly added Rs. 11,84,46,336/- to the respondent's income based on an erroneous share valuation. The HC agreed that no substantial question of law was present, closing the appeal and instructing parties to proceed with the Tribunal's digitally signed judgment. en-us Fri, 04 Aug 2023 00:00:00 +0530 Tue, 19 May 2026 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442137 The HC upheld the decision of the Income Tax Appellate Tribunal, which corrected the Assessing Officer's error in applying the amended Rule 11UA for AY 2014-15. The Tribunal set aside the CIT(A)'s order, concluding that the AO incorrectly added Rs. 11,84,46,336/- to the respondent's income based on an erroneous share valuation. The HC agreed that no substantial question of law was present, closing the appeal and instructing parties to proceed with the Tribunal's digitally signed judgment. Case-Laws Income Tax Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442137