https://www.taxtmi.com/caselaws?id=752898 For capital gains on transfers of unquoted shares, sale consideration should not be replaced merely because another shareholder group received a higher price. A higher valuation requires a factual basis, including differences in rights, possession, occupancy, or transaction arrangements; provisions applicable to transfers of land or buildings do not apply to shares. Rent actually paid to an HUF for residential accommodation may qualify for house rent allowance-related deduction where payment is supported by evidence. The principles require transaction-specific proof for both share valuation and rent deduction claims. en-us Wed, 03 Jan 2024 00:00:00 +0530 Tue, 21 May 2024 08:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752898 For capital gains on transfers of unquoted shares, sale consideration should not be replaced merely because another shareholder group received a higher price. A higher valuation requires a factual basis, including differences in rights, possession, occupancy, or transaction arrangements; provisions applicable to transfers of land or buildings do not apply to shares. Rent actually paid to an HUF for residential accommodation may qualify for house rent allowance-related deduction where payment is supported by evidence. The principles require transaction-specific proof for both share valuation and rent deduction claims. Case-Laws Income Tax Wed, 03 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752898