1986 (3) TMI 2 - SC - Income Tax

Allegation that assessee sell shares at lesser value - no evidence that the full consideration received by the assessee in the transfer of the assets has been understated - the proviso proviso to sub-section (2) of section 12B to determine the market value is applicable only where the full value for the consideration has not been stated. There is no evidence, direct or inferential, in these cases that the full consideration had not been stated in the document - revenue's appeal dismissed