https://www.taxtmi.com/caselaws?id=57202 The ITAT partly allowed the appeal, directing the Assessing Officer to consider the cost of acquisition for the shares. It upheld the additions of Rs. 16,81,750 and Rs. 74,64,000 as capital gains, included in the block assessment due to inadequate disclosure by the assessee. The issuance of the notice under section 158BD was validated as the Assessing Officer's satisfaction was supported by substantial material, with no time limitation for initiating proceedings under the section. en-us Fri, 14 Oct 2005 00:00:00 +0530 Wed, 08 Dec 2010 18:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57202 The ITAT partly allowed the appeal, directing the Assessing Officer to consider the cost of acquisition for the shares. It upheld the additions of Rs. 16,81,750 and Rs. 74,64,000 as capital gains, included in the block assessment due to inadequate disclosure by the assessee. The issuance of the notice under section 158BD was validated as the Assessing Officer's satisfaction was supported by substantial material, with no time limitation for initiating proceedings under the section. Case-Laws Income Tax Fri, 14 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57202