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Share quotation irregularity prompts guidance to investigating officers to scrutinise and report on company share valuations carefully. Certain equity share quotations were found inconsistent with market value and the stock exchange deleted those quotations by official notifications; assessing officers are instructed to use this information as guidance and to conduct proper investigations into the valuation of the shares of the affected companies when determining their taxable value.
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Share quotation irregularity prompts guidance to investigating officers to scrutinise and report on company share valuations carefully.
Certain equity share quotations were found inconsistent with market value and the stock exchange deleted those quotations by official notifications; assessing officers are instructed to use this information as guidance and to conduct proper investigations into the valuation of the shares of the affected companies when determining their taxable value.
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