https://www.taxtmi.com/caselaws?id=13456 In the absence of a quoted market price for unquoted shares, the appellate authorities were entitled to adopt the break-up value method, and that permissible valuation could not be displaced in income-tax proceedings merely because the Revenue preferred another approach. Reliance on wealth-tax valuation principles and the CBDT circular was held inapposite for the assessment in question. As the Tribunal had affirmed one of two possible valuation views, no substantial question of law arose, and the Revenue's addition based on an alleged perquisite failed. en-us Tue, 20 Mar 2007 00:00:00 +0530 Fri, 29 May 2009 10:44:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13456 In the absence of a quoted market price for unquoted shares, the appellate authorities were entitled to adopt the break-up value method, and that permissible valuation could not be displaced in income-tax proceedings merely because the Revenue preferred another approach. Reliance on wealth-tax valuation principles and the CBDT circular was held inapposite for the assessment in question. As the Tribunal had affirmed one of two possible valuation views, no substantial question of law arose, and the Revenue's addition based on an alleged perquisite failed. Case-Laws Income Tax Tue, 20 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13456