https://www.taxtmi.com/caselaws?id=69131 Unquoted shares of a private limited company that is a going concern and not ripe for liquidation are ordinarily valued for gift-tax purposes on the yield or profit-earning capacity basis. The break-up value method is confined to exceptional cases, such as where winding up is imminent or profits are too uncertain to assess on a yield basis. On the facts stated, no exceptional circumstance justified departure from the yield method, so the break-up approach was rejected and the valuation on yield basis was affirmed, subject only to limited arithmetical verification. en-us Fri, 27 Feb 1987 00:00:00 +0530 Tue, 05 Apr 2011 13:29:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69131 Unquoted shares of a private limited company that is a going concern and not ripe for liquidation are ordinarily valued for gift-tax purposes on the yield or profit-earning capacity basis. The break-up value method is confined to exceptional cases, such as where winding up is imminent or profits are too uncertain to assess on a yield basis. On the facts stated, no exceptional circumstance justified departure from the yield method, so the break-up approach was rejected and the valuation on yield basis was affirmed, subject only to limited arithmetical verification. Case-Laws Income Tax Fri, 27 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69131