Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
HC upheld ITAT's order, affirming the Assessee's valuation of unquoted equity shares using Discounted Cash Flow (DCF) method under Rule 11UA(2). The court found the Chartered Accountant's valuation report valid, noting that general disclaimers do not invalidate the expert's assessment. The Assessing Officer's rejection of the valuation was deemed inappropriate without identifying specific material errors in the underlying data. The ICAI Valuation Standard 301 supports the DCF method for subsidiary investment valuation. Consequently, the addition under section 56(2)(viib) was deleted, with no substantial questions of law arising from the case.
HC upheld ITAT's order, affirming the Assessee's valuation of unquoted equity shares using Discounted Cash Flow (DCF) method under Rule 11UA(2). The court found the Chartered Accountant's valuation report valid, noting that general disclaimers do not invalidate the expert's assessment. The Assessing Officer's rejection of the valuation was deemed inappropriate without identifying specific material errors in the underlying data. The ICAI Valuation Standard 301 supports the DCF method for subsidiary investment valuation. Consequently, the addition under section 56(2)(viib) was deleted, with no substantial questions of law arising from the case.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
