https://www.taxtmi.com/caselaws?id=70752 The Appellate Tribunal upheld the valuation of unquoted equity shares owned by the assessees using the break-up method over the yield method, despite arguments based on profitability and commercial viability. The Tribunal emphasized the mandatory nature of rule 1D and the need for consistency in valuation methods, finding no valid basis to deviate from the break-up method due to wide disparities in valuations and legislative intent to estimate market value. Consequently, the appeals by the assessees were dismissed, affirming the valuation by the break-up method for the shares. en-us Fri, 01 Dec 1989 00:00:00 +0530 Tue, 19 Apr 2011 10:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70752 The Appellate Tribunal upheld the valuation of unquoted equity shares owned by the assessees using the break-up method over the yield method, despite arguments based on profitability and commercial viability. The Tribunal emphasized the mandatory nature of rule 1D and the need for consistency in valuation methods, finding no valid basis to deviate from the break-up method due to wide disparities in valuations and legislative intent to estimate market value. Consequently, the appeals by the assessees were dismissed, affirming the valuation by the break-up method for the shares. Case-Laws Wealth-tax Fri, 01 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70752