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| The Tax Publishers2020 TaxPub(DT) 0374 (SC) : (2020) 269 TAXMAN 0001 INCOME TAX ACT, 1961
Section 261 Section 260A
Where the department preferred SLP to appeal against the judgment of Calcutta High Court in Pr. CIT v. Microfilm Capital (P.) Ltd. [ITAT No. 311 of 2018, GA. No. 3409 & 3410 of 2018, dt. 22-1-2019] : 2020 TaxPub(DT) 550 (Cal-HC), whereby the High Court held that the views canvassed by revenue would at best be described as plausible views on methods of accounting valuation of sharers. But finding of Tribunal that valuer had followed an accepted method of valuation and had based his decision on relevant material, was accepted the Supreme Court dismissed the SLP.
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Appeal (Supreme Court) - Special leave petition - Appeal to High Court - Methods of accounting valuation of shares
Department preferred SLP to appeal against the judgment of Calcutta High Court in Pr. CIT v. Microfilm Capital (P.) Ltd. [ITAT No. 311 of 2018, GA. No. 3409 & 3410 of 2018, dt. 22-1-2019] : 2020 TaxPub(DT) 550 (Cal-HC), whereby the High Court held that the views canvassed by revenue would at best be described as plausible views on methods of accounting valuation of shares. But finding of Tribunal that valuer had followed an accepted method of valuation and had based his decision on relevant material, was accepted.Held: The Supreme Court dismissed the SLP.
REFERRED :
FAVOUR : SLP dismissed.
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