As  regarding the valuation of long-term capital loss claimed on the sale of shares. The ITAT agreed with the AO’s findings that the assessee sold shares at a drastically undervalued price despite the recent valuations showing much higher values. The related-party transactions, including the sale of a valuable property to assessee’s wife were done at a lower price.  However, it found that the AO’s computation method was not in line with Rule 11UA . The ITAT remanded the matter to the AO to recalculate capital gains based on the most credible valuation evidence available. (ITA Nos  1824 /1825 /1826 /Chy/2024 dt. 30 -5 -2025 )( AY. 2013-14 , 2014 -15 , 2019-20 )