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

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.... 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. were quoted in the Ahmedabad Stock Exchange on 29/3/75 at a....

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....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 Testeels Ltd. on that date and hence should not be taken cognizanc....