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2004 (4) TMI 71 - HC - Income TaxComputation of long term capital gains arising out of the transfer of 4,198 shares held by the appellant in M/s. Consolidated Coffee Limited - Whether the Revenue, having accepted the value of one share at Rs. 147 with reference to another assessee identically placed, can be permitted to fix a higher value for a share in TTL at the relevant time? – Held, no - That apart, even on the ground of equity, fairness and reasonableness, the Revenue, having accepted the value of one share at Rs. 147 with reference to another assessee identically placed, cannot be permitted to fix a higher value for a share in TTL at the relevant time
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