https://www.taxtmi.com/caselaws?id=365726 The ITAT allowed the appeal by the appellant, emphasizing the need for a detailed review of the valuation methods used for the shares. The judgment highlighted the importance of considering industry-specific factors when determining the appropriate valuation method for unquoted equity shares. The case underscored the significance of fair market value assessment and the necessity for thorough evaluation of valuation methodologies in compliance with the Income Tax Act, 1961. en-us Fri, 17 Aug 2018 00:00:00 +0530 Wed, 22 Aug 2018 06:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365726 The ITAT allowed the appeal by the appellant, emphasizing the need for a detailed review of the valuation methods used for the shares. The judgment highlighted the importance of considering industry-specific factors when determining the appropriate valuation method for unquoted equity shares. The case underscored the significance of fair market value assessment and the necessity for thorough evaluation of valuation methodologies in compliance with the Income Tax Act, 1961. Case-Laws Income Tax Fri, 17 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365726