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2002 (10) TMI 21 - HC - Income TaxCapital gains on account of the sale of shares - Tribunal had considered the matter properly and had adopted Rs. 38.50 plus Rs. 65 as the value of one ESSAR share and had directed the assessing authority to adopt the said figure for the purpose of computation of the capital gains arising out of the sale of the shares of SISCO. The Tribunal had clearly entered a finding that this is the price of one ESSAR share agreed to between the parties. We have also independently considered the matter and have come to the same finding. Thus, even accepting the contention of the appellant that it is the price which is agreed to by the parties which should be taken as the full value of the consideration received, the said test is satisfied in the present case. - The Tribunal had directed the assessing authority only to adopt Rs. 38.50 per share which is the price per share agreed to by the parties. We are in full agreement with the order of the Tribunal
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