https://www.taxtmi.com/caselaws?id=14686 In valuing unquoted equity shares under rule 1D of the Wealth-tax Rules, a company's sales tax penalty liability had to be considered if it existed on the valuation date. The Court accepted the earlier view that the Tribunal's order on the company's liability could not be ignored and that the exact quantum of the penalty liability had to be ascertained before the share valuation was fixed. The matter was remitted to the Appellate Tribunal to determine that quantum on the valuation date and direct valuation of the shares accordingly. en-us Mon, 02 Nov 1998 00:00:00 +0530 Sat, 18 Jul 2009 10:50:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14686 In valuing unquoted equity shares under rule 1D of the Wealth-tax Rules, a company's sales tax penalty liability had to be considered if it existed on the valuation date. The Court accepted the earlier view that the Tribunal's order on the company's liability could not be ignored and that the exact quantum of the penalty liability had to be ascertained before the share valuation was fixed. The matter was remitted to the Appellate Tribunal to determine that quantum on the valuation date and direct valuation of the shares accordingly. Case-Laws Wealth-tax Mon, 02 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14686