Fair market value of unquoted equity shares updated: formulaic book-value method or DCF option permitted under amended rules. Amendments define accountant, balance-sheet and valuation date for valuation purposes and prescribe a formulaic method for computing the fair market value of unquoted equity shares from the audited balance-sheet, specifying items excluded from assets and liabilities. Alternatively, an assessee may opt for a valuation by a merchant banker or accountant using the Discounted Free Cash Flow method.
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Provisions expressly mentioned in the judgment/order text.
Fair market value of unquoted equity shares updated: formulaic book-value method or DCF option permitted under amended rules.
Amendments define accountant, balance-sheet and valuation date for valuation purposes and prescribe a formulaic method for computing the fair market value of unquoted equity shares from the audited balance-sheet, specifying items excluded from assets and liabilities. Alternatively, an assessee may opt for a valuation by a merchant banker or accountant using the Discounted Free Cash Flow method.
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