https://www.taxtmi.com/caselaws?id=794658 Transfer of shares under an agreed per-share price could not be split or rewritten by the revenue to tax part of the receipt as income from other sources merely because a related commercial purchase commitment was said to enhance the share value. The text states that the share sale was not shown to be sham or colourable, the purchase commitment was genuine and honoured, and actual purchases exceeded the committed volumes. In the absence of any specific statutory basis for bifurcating the agreed consideration for a capital asset, the full sale consideration could not be recharacterised on conjecture. The addition was therefore unsustainable. en-us Mon, 08 Jun 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794658 Transfer of shares under an agreed per-share price could not be split or rewritten by the revenue to tax part of the receipt as income from other sources merely because a related commercial purchase commitment was said to enhance the share value. The text states that the share sale was not shown to be sham or colourable, the purchase commitment was genuine and honoured, and actual purchases exceeded the committed volumes. In the absence of any specific statutory basis for bifurcating the agreed consideration for a capital asset, the full sale consideration could not be recharacterised on conjecture. The addition was therefore unsustainable. Case-Laws Income Tax Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794658