https://www.taxtmi.com/caselaws?id=470304 Taxable income from an alleged share sale must be assessed in the hands of the person shown to hold title to the shares. An addition based on the difference between the alleged sale price and market price could not be sustained without determining how the assessee acquired title to the shares allegedly sold. The addition was not finally sustained and the matter was restored for fresh adjudication, requiring examination of title and consideration of relevant additional evidence in accordance with law. en-us Wed, 19 Mar 2025 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470304 Taxable income from an alleged share sale must be assessed in the hands of the person shown to hold title to the shares. An addition based on the difference between the alleged sale price and market price could not be sustained without determining how the assessee acquired title to the shares allegedly sold. The addition was not finally sustained and the matter was restored for fresh adjudication, requiring examination of title and consideration of relevant additional evidence in accordance with law. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470304