https://www.taxtmi.com/caselaws?id=64420 The ITAT allowed the assessee's appeal, emphasizing adherence to proper valuation methods for unquoted shares under the Wealth-tax Act. The assessment order was restored, indicating the correctness of the valuation approach taken by the assessee in valuing shares in two companies, based on Supreme Court principles. The dispute was resolved in favor of the assessee, overturning the Commissioner's decision to set aside the assessment as erroneous and prejudicial to revenue interests. en-us Fri, 29 Nov 1985 00:00:00 +0530 Mon, 07 Feb 2011 17:44:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64420 The ITAT allowed the assessee's appeal, emphasizing adherence to proper valuation methods for unquoted shares under the Wealth-tax Act. The assessment order was restored, indicating the correctness of the valuation approach taken by the assessee in valuing shares in two companies, based on Supreme Court principles. The dispute was resolved in favor of the assessee, overturning the Commissioner's decision to set aside the assessment as erroneous and prejudicial to revenue interests. Case-Laws Income Tax Fri, 29 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64420