The sale price was determined based on the documents received as of Asar 13, 2074, reads the verdict, "as no documents were received about gaining capital more than the sale-purchase of shares, the large tax payer office holds the right to re-assign the tax."
In the verdict the Court has also annulled by a certiorari order the tax determined by the large tax payers' office on Baisakh 3, 2076. The sale and purchase of 80 per cent shares of Ncell private limited was disputed. The office had determined that the Ncell had to pay a total of Rs. 62.63 billion in capital gain tax, of which around 39.5 billion rupees was yet to be paid.
