Proper investigation while arriving at the valuation of the shares of Testeels Ltd.

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....TRUCTION NO. 903/CBDT  Dated : December 9, 1975 Section(s) Referred: 143 Statute: Income - Tax Act, 1961 It has been brought to the notice of the Board that the shares of Testeels Ltd....

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....e transactions were on "Special terms". The quotation at Rs. 88 and Rs. 70 per share on 29/3/75 at the Ahmedabad Stock Exchange does not, therefore, reflect the correct market price of shares of Teste....