https://www.taxtmi.com/caselaws?id=67782 The Tribunal ruled in favor of the assessee, holding that gratuity liability should be included in the valuation of shares based on actuarial valuation. The Tribunal emphasized that a purchaser would consider all company liabilities when determining share market value. In a separate case, the Tribunal upheld the correction made by the AAC to limit the deduction of gratuity liability to the balance-sheet amount in accordance with Rule 1-D for share valuation, dismissing the assessee's appeal and affirming adherence to Rule 1-D standards. en-us Mon, 13 Apr 1981 00:00:00 +0530 Mon, 14 Mar 2011 15:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67782 The Tribunal ruled in favor of the assessee, holding that gratuity liability should be included in the valuation of shares based on actuarial valuation. The Tribunal emphasized that a purchaser would consider all company liabilities when determining share market value. In a separate case, the Tribunal upheld the correction made by the AAC to limit the deduction of gratuity liability to the balance-sheet amount in accordance with Rule 1-D for share valuation, dismissing the assessee's appeal and affirming adherence to Rule 1-D standards. Case-Laws Wealth-tax Mon, 13 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67782