https://www.taxtmi.com/caselaws?id=67972 The Tribunal allowed the appeals of the assessee concerning the valuation of unquoted shares of three Private Limited Companies. It held that Rule 1D is not mandatory when the valuation dates of the companies and the assessees do not coincide. The Tribunal determined that the yield method should be used for valuation in such cases, following the Delhi High Court's decision. As a result, the appeals were allowed, and Rule 1D was considered directory, making the yield method the appropriate valuation method. en-us Fri, 17 Jul 1987 00:00:00 +0530 Wed, 16 Mar 2011 11:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67972 The Tribunal allowed the appeals of the assessee concerning the valuation of unquoted shares of three Private Limited Companies. It held that Rule 1D is not mandatory when the valuation dates of the companies and the assessees do not coincide. The Tribunal determined that the yield method should be used for valuation in such cases, following the Delhi High Court's decision. As a result, the appeals were allowed, and Rule 1D was considered directory, making the yield method the appropriate valuation method. Case-Laws Wealth-tax Fri, 17 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67972