https://www.taxtmi.com/caselaws?id=56395 The Tribunal dismissed the Department's rectification request, citing the need for fresh investigation beyond rectification provisions. The decision emphasized that a subsequent Supreme Court judgment did not automatically justify rectification, and clarified the application of valuation rules for unquoted equity shares. The case highlighted the limitations of rectification provisions in addressing issues necessitating new factual inquiries, ultimately denying the Revenue's application. en-us Fri, 17 Jun 1994 00:00:00 +0530 Fri, 03 Dec 2010 13:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56395 The Tribunal dismissed the Department's rectification request, citing the need for fresh investigation beyond rectification provisions. The decision emphasized that a subsequent Supreme Court judgment did not automatically justify rectification, and clarified the application of valuation rules for unquoted equity shares. The case highlighted the limitations of rectification provisions in addressing issues necessitating new factual inquiries, ultimately denying the Revenue's application. Case-Laws Income Tax Fri, 17 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56395