https://www.taxtmi.com/caselaws?id=217116 The Court ruled in favor of the Revenue, affirming that Rule 11 methodology should be used for valuing shares held in promoters' quota with a lock-in period. The Court emphasized that even with restrictions, shares should be valued as if they could be freely sold in the market, and a depreciated value should be assigned to reflect the impact of restrictions on market value. The Tribunal directed the Assessing Officer to calculate the value based on previous decisions, highlighting that shares without marketability could not be valued based on stock exchange prices. en-us Fri, 13 Jul 2012 00:00:00 +0530 Mon, 01 Oct 2012 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217116 The Court ruled in favor of the Revenue, affirming that Rule 11 methodology should be used for valuing shares held in promoters' quota with a lock-in period. The Court emphasized that even with restrictions, shares should be valued as if they could be freely sold in the market, and a depreciated value should be assigned to reflect the impact of restrictions on market value. The Tribunal directed the Assessing Officer to calculate the value based on previous decisions, highlighting that shares without marketability could not be valued based on stock exchange prices. Case-Laws Wealth-tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217116