value of shares determined
eights months before, Thus the value of shares determined at the
time of transfer is the full value of consideration ... full value of consideration of an asset.
However, the possibility of the apparent consideration being
composite consideration and not depicting the full value
bifurcation of the full value of the consideration. The full value of consideration as a result of transfer of shares is only to be taken ... full value of consideration of an asset. However, the possibility of the apparent consideration being composite consideration and not depicting the full value
Tribunal was justified in taking the market value of the shares to be full value of the consideration. We are unable to accept this contention ... full value of the consideration is the full sale price actually paid. The legislature had to use the words "full value of the consideration
being taken for purposes of determining the full value of consideration. 2,43,150 shares of M/s Jaypee Enterprises Ltd. were transferred in company ... shares in DSE on 31st May, 1990 was Rs. 9.50 per share and the same is being taken for determining full value of consideration. Besides
cost of acquisition from 'full value of consideration' . The
phrase 'full value of consideration' has received the judicial interpretation in
series ... assessee on a similar issue of revaluation of
shares by substitution of full value of consideration by fair market value and
29
ITA No.2798
ground filed by the assessee that "That full
value of consideration for sale of shares were wrongly assumed to be
Rs 10 crores whereas ... under:
-4-
"Ground No. 4. That full value of consideration for sale of
shares were wrongly assumed to be Rs. 10 crores whereas
said value becomes final, such
agreed value alone represents the full value consideration for the
purposes of computing Capital Gains. No other value ... full value
consideration by the AO.
iii. The term 'Full Value of Consideration' is neither the market
value not any other value
full value of consideration in cases
where Stamp Authorities adopts a particular value, i.e. deemed to be the full
value of consideration received ... market value' to 'full value of consideration'. These
two words, 'full value of consideration' and 'fair market value
The Dcit Cir 7(1), Mumbai vs M/S. Piramal Enterprises Ltd., Mumbai on 5
crores and on considering INR 14.7 crores as full
value of consideration of 9.999 equity shares sold to third
party.
21.without prejudice ... value of sprinkler
business and substituted the full value of consideration received on
transfer by the fair market value of the equity shares
