Court Rules Market Price Must Be Used for Capital Gains on NDTV Shares Sold with Interest-Free Loan Conditions.

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Full Text of the Document

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....Capital gain on sale of shares - market price or agreed price - transfer of shares by obtaining interest free loans for a long tenure coupled with call option agreements which is based on the traded price of the shares of the NDTV limited, the actual consideration received by the assessee is not ₹ 4/- per share but the sums realized by RRPR Holdings Ltd, over which the assessee has complete control - price will be market price....