Bulk Sale Discount Valid: Reason Tax Authorities Cannot Force a ‘Uniform Price’ on Share Transactions

Park View Automotive P. Ltd Vs ITO (ITAT Delhi)

AO’s Hypothetical Price Falls Flat: ITAT Favors Commercial Reality- No Evidence, No Addition: Tribunal Rejects ‘Uniform Price’ Fantasy

This case arose from a reopening of assessment u/s 147 based entirely on an Investigation Wing report alleging a large-scale accommodation entry scheme involving the shares of Purti Power & Sugar Ltd. (PPSL) & certain Mehta Group entities. The report mentioned layering of funds & circular trading of PPSL shares through multiple

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