https://www.taxtmi.com/caselaws?id=63111 The Tribunal upheld the assessee's appeal, ruling that the valuation of shares should adhere to rule 1D of the WT Rules. It found the WTO's valuation method for the shares of M/s Escorts Farms (R) Ltd. appropriate and emphasized the necessity of aligning adjustments with rule 1D provisions. The Tribunal concluded that the CWT's orders were not erroneous, leading to the cancellation of the CWT's order and allowing the appeals. The Tribunal did not address the alternative contention regarding rule 1D's application to an investment company. en-us Sat, 29 May 1982 00:00:00 +0530 Thu, 27 Jan 2011 18:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63111 The Tribunal upheld the assessee's appeal, ruling that the valuation of shares should adhere to rule 1D of the WT Rules. It found the WTO's valuation method for the shares of M/s Escorts Farms (R) Ltd. appropriate and emphasized the necessity of aligning adjustments with rule 1D provisions. The Tribunal concluded that the CWT's orders were not erroneous, leading to the cancellation of the CWT's order and allowing the appeals. The Tribunal did not address the alternative contention regarding rule 1D's application to an investment company. Case-Laws Wealth-tax Sat, 29 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63111