Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Fair market value definitions under income tax rules clarify balance-sheet, quoted securities, valuation date, and related valuation terms. Rule 11U defines expressions used for determining fair market value under rule 11UA, including balance-sheet, merchant banker, quoted shares or securities, recognized stock exchange, registered dealer, registered valuer, securities, unquoted shares and securities, and valuation date. The definition of balance-sheet varies according to whether the case concerns valuation under sub-rule (2) of rule 11UA, an Indian company, or a company outside India. Quoted shares or securities are those regularly quoted on a recognized stock exchange, while unquoted shares and securities are those not so quoted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fair market value definitions under income tax rules clarify balance-sheet, quoted securities, valuation date, and related valuation terms.
Rule 11U defines expressions used for determining fair market value under rule 11UA, including balance-sheet, merchant banker, quoted shares or securities, recognized stock exchange, registered dealer, registered valuer, securities, unquoted shares and securities, and valuation date. The definition of balance-sheet varies according to whether the case concerns valuation under sub-rule (2) of rule 11UA, an Indian company, or a company outside India. Quoted shares or securities are those regularly quoted on a recognized stock exchange, while unquoted shares and securities are those not so quoted.
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