https://www.taxtmi.com/caselaws?id=468081 Where the transfer consideration for unlisted shares is ascertainable from the transaction documents, section 50D cannot be used to substitute the actual sale price with fair market value, because section 48 requires capital gains to be computed on the real consideration received or accruing on transfer. The assessee had sold the shares in an identifiable commercial transaction at negotiated prices between unrelated parties, and the record did not show any indeterminacy in consideration or any statutory basis for deeming valuation. The later introduction of section 50CA did not apply to the relevant year, so the addition based on fair market value was deleted. en-us Tue, 06 Aug 2024 00:00:00 +0530 Wed, 15 Apr 2026 20:22:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468081 Where the transfer consideration for unlisted shares is ascertainable from the transaction documents, section 50D cannot be used to substitute the actual sale price with fair market value, because section 48 requires capital gains to be computed on the real consideration received or accruing on transfer. The assessee had sold the shares in an identifiable commercial transaction at negotiated prices between unrelated parties, and the record did not show any indeterminacy in consideration or any statutory basis for deeming valuation. The later introduction of section 50CA did not apply to the relevant year, so the addition based on fair market value was deleted. Case-Laws Income Tax Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468081