https://www.taxtmi.com/caselaws?id=15924 The court ruled in favor of the Revenue, directing the Tribunal to re-evaluate the discount percentage on the valuation of gifted shares based on concrete evidence and adherence to relevant precedents. The court emphasized the importance of considering dividend declarations and the incremental increase in discount percentages under the Wealth-tax Rules, highlighting discrepancies in the Tribunal's reasoning. No costs were awarded in the case. en-us Thu, 26 Feb 1998 00:00:00 +0530 Sat, 29 Aug 2009 18:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15924 The court ruled in favor of the Revenue, directing the Tribunal to re-evaluate the discount percentage on the valuation of gifted shares based on concrete evidence and adherence to relevant precedents. The court emphasized the importance of considering dividend declarations and the incremental increase in discount percentages under the Wealth-tax Rules, highlighting discrepancies in the Tribunal's reasoning. No costs were awarded in the case. Case-Laws Income Tax Thu, 26 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15924