Supreme Court rules for assessee on valuation of unquoted shares in Cadila Labs

The SC ruled in favor of the assessee on the valuation of unquoted shares of Cadila Laboratories Pvt. Ltd. The civil appeals were allowed, setting aside the order under appeal, with no costs awarded.

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The Supreme Court answered a question in favor of the assessee regarding the valuation of unquoted shares of Cadila Laboratories Pvt. Ltd. The decision was based on a previous judgment and the civil appeals were allowed, setting aside the order under appeal. No costs were awarded.

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