https://www.taxtmi.com/circulars?id=9193 When a valuation officer has determined the fair market value of a company's unquoted shares, the CIT should assess the correctness and fairness of that valuation and, if satisfied, circulate it to officers of his charge and to other CITs for adoption in assessments of other shareholders; if an assessee objects, the Department must make a fresh reference to the valuation officer for that case. en-us Sat, 20 May 1978 00:00:00 +0530 Thu, 02 Jun 2011 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9193 When a valuation officer has determined the fair market value of a company's unquoted shares, the CIT should assess the correctness and fairness of that valuation and, if satisfied, circulate it to officers of his charge and to other CITs for adoption in assessments of other shareholders; if an assessee objects, the Department must make a fresh reference to the valuation officer for that case. Circulars Income Tax Sat, 20 May 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9193