https://www.taxtmi.com/caselaws?id=64407 The Tribunal affirmed the valuation of shares for wealth tax assessment, distinguishing between a partner's interest in a firm and a shareholder's interest in a company. It emphasized compliance with valuation rules and specific adjustments for unquoted equity shares. The Tribunal rejected the allowance of liability under section 2(m)(ii) of the Wealth-tax Act, relying on legal interpretations and precedents, ultimately dismissing the appeal in favor of the assessee. en-us Thu, 08 Mar 1984 00:00:00 +0530 Mon, 07 Feb 2011 16:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64407 The Tribunal affirmed the valuation of shares for wealth tax assessment, distinguishing between a partner's interest in a firm and a shareholder's interest in a company. It emphasized compliance with valuation rules and specific adjustments for unquoted equity shares. The Tribunal rejected the allowance of liability under section 2(m)(ii) of the Wealth-tax Act, relying on legal interpretations and precedents, ultimately dismissing the appeal in favor of the assessee. Case-Laws Wealth-tax Thu, 08 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64407