Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Valuation of unquoted equity shares: profit-earning method prevails over break-up method</h1> The Bombay HC ruled in favor of the assessee, stating that the valuation of unquoted equity shares should be based on the profit-earning method, not the ... Gift Tax The Bombay High Court ruled in favor of the assessee regarding the valuation of unquoted equity shares of Surat Cotton Spinning and Weaving Mills Pvt. Ltd. The court held that the shares should be valued using the profit-earning method instead of the break-up method specified in rule 1D of the Wealth-tax Rules. This decision was based on previous Supreme Court rulings and the fact that the company was a going concern.