Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Valuation of unquoted shares under the prescribed framework allows the assessee to choose either the Discounted Cash Flow (DCF) or Net Asset Value (NAV) method. Where DCF is selected, the Assessing Officer may examine the underlying data and projections and obtain or determine a fresh valuation if they are unreliable or unrealistic, but must continue under the DCF method. The notes state that substituting NAV for the assessee's chosen DCF method exceeds the Assessing Officer's jurisdiction; accordingly, the NAV-based addition discussed was deleted.
Valuation of unquoted shares under the prescribed framework allows the assessee to choose either the Discounted Cash Flow (DCF) or Net Asset Value (NAV) method. Where DCF is selected, the Assessing Officer may examine the underlying data and projections and obtain or determine a fresh valuation if they are unreliable or unrealistic, but must continue under the DCF method. The notes state that substituting NAV for the assessee's chosen DCF method exceeds the Assessing Officer's jurisdiction; accordingly, the NAV-based addition discussed was deleted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
