https://www.taxtmi.com/caselaws?id=8993 Wealth-tax valuation of shares may use the break-up value method based on the company's balance sheet where no more suitable valuation method is available. Transfer restrictions in the articles of association, including pre-emption rights allowing specified persons to acquire shares at face value, do not necessarily require valuation solely at face value because market sale may remain possible if those rights are not exercised. However, such restrictions may reduce the shares' market price. The valuation derived under the break-up method should therefore be considered for appropriate depreciation reflecting restrictions on transfer and price. en-us Fri, 04 May 1973 00:00:00 +0530 Thu, 18 Jun 2009 13:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8993 Wealth-tax valuation of shares may use the break-up value method based on the company's balance sheet where no more suitable valuation method is available. Transfer restrictions in the articles of association, including pre-emption rights allowing specified persons to acquire shares at face value, do not necessarily require valuation solely at face value because market sale may remain possible if those rights are not exercised. However, such restrictions may reduce the shares' market price. The valuation derived under the break-up method should therefore be considered for appropriate depreciation reflecting restrictions on transfer and price. Case-Laws Wealth-tax Fri, 04 May 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8993