https://www.taxtmi.com/caselaws?id=36255 The High Court ruled in favor of the assessee, determining that there was insufficient evidence to support the conclusion that the benefit of the reduction in share price had been passed on to the representative assessee. As a result, the court answered the relevant questions in the negative, in favor of the assessee, and ordered the revenue to pay the costs of both references to the assessee. en-us Mon, 30 Jun 1980 00:00:00 +0530 Sat, 20 Mar 2010 12:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36255 The High Court ruled in favor of the assessee, determining that there was insufficient evidence to support the conclusion that the benefit of the reduction in share price had been passed on to the representative assessee. As a result, the court answered the relevant questions in the negative, in favor of the assessee, and ordered the revenue to pay the costs of both references to the assessee. Case-Laws Income Tax Mon, 30 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36255