Share price derived as per Rule 11UA prevails over third party transaction price
During AY 2021-22, the Assessee1 purchased 5.92 Cr. shares of IG3 Infra Limited (‘IG3’) at INR 12.43 per share and 18.43 Cr. shares of ETL Power Services Limited (‘ETL’) at the price of INR 14.30 per share on 08.08.2020. Both these shares were purchased from Green Grid Group Pte Ltd., Singapore (‘Green Grid’).
