https://www.taxtmi.com/caselaws?id=11997 The court ruled in favor of the Revenue, stating that the valuation of shares for wealth tax assessment should be based on the value quoted on the stock exchange as per the provisions of the Wealth-tax Act, without allowing any deductions. The judgment emphasized the importance of adhering to statutory valuation methods and not deviating from them in determining the market value of assets for tax purposes. en-us Mon, 07 Oct 2002 00:00:00 +0530 Sun, 14 Feb 2010 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11997 The court ruled in favor of the Revenue, stating that the valuation of shares for wealth tax assessment should be based on the value quoted on the stock exchange as per the provisions of the Wealth-tax Act, without allowing any deductions. The judgment emphasized the importance of adhering to statutory valuation methods and not deviating from them in determining the market value of assets for tax purposes. Case-Laws Income Tax Mon, 07 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11997