SRI SAKTHI TEXTILES LIMITED,COIMBATORE vs. DCIT CORPORATE CIRCLE 1, COIMBATORE
In the result, appeal filed by assessee is allowed
ITA 1228/CHNY/2019[2013-14]Status: DisposedITAT Chennai01 Feb 2021AY 2013-14
Bench: Shri Duvvuru Rl Reddy & Shri G.Manjunatha
1) The order of the Ld. Commissioner of Income Tax
(Appeals)-1, Coimbatore is opposed to to law and facts.
2) The Ld, Commissioner of Income Tax (Appeals) has erred in simply repeating the fair market value of the shares determined by the assessing officer without appreciating the
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fact that your appellant had based the valuation of shares
