Dismissing the appeal of the revenue the Court held that the valuation of shares accepted by the Tribunal being possible view, the order of Tribunal is affirmed.
PCIT v. Microfilm Capital (P.) Ltd. (2020) 113 taxmann.com 88 (Cal.)(HC) Editorial : SLP of revenue is dismissed, PCIT v. Microfilm Capital (P.) Ltd. (2020) 269 Taxman 1 (SC)
S. 145 : Method of accounting-Valuation of shares-No substantial question of law. [S. 260A]