https://www.taxtmi.com/caselaws?id=65006 Under the Gift-tax Act, unquoted equity shares are generally valued on the yield or profit-earning basis, because valuation must fit the statutory context and the facts of the case. The break-up value method may be used in appropriate cases, but it is not mandatory merely because that approach appears in the Wealth-tax valuation rules. The principle stated is that share valuation for gift-tax purposes should follow the method appropriate to the gift-tax regime, with the yield method treated as the normal approach for unquoted equity shares. en-us Tue, 13 Jan 1998 00:00:00 +0530 Fri, 11 Feb 2011 16:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65006 Under the Gift-tax Act, unquoted equity shares are generally valued on the yield or profit-earning basis, because valuation must fit the statutory context and the facts of the case. The break-up value method may be used in appropriate cases, but it is not mandatory merely because that approach appears in the Wealth-tax valuation rules. The principle stated is that share valuation for gift-tax purposes should follow the method appropriate to the gift-tax regime, with the yield method treated as the normal approach for unquoted equity shares. Case-Laws Income Tax Tue, 13 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65006