Valuation of shares under Rule 10(2) follows the E.D. Act valuation method, not the 1968 circular. Valuation of shares under Rule 10(2) of the Gift Tax Rules, 1958 is excluded from Circular No.1D/GT of 1968 and must instead follow the Board's earlier letters prescribing the valuation method corresponding to the E.D. Act provision, which govern the valuation methodology for shares covered by Rule 10(2).