https://www.taxtmi.com/caselaws?id=16791 The Supreme Court held that Rule 1D is mandatory for valuing unquoted equity shares of a private limited company, disallowing deductions like capital gains tax. The court set aside the Tribunal's order and remanded the matter for compliance with the Supreme Court judgment. Other issues raised regarding the acceptance of appeal based on a previous case and the deductibility of advance tax were not directly addressed, as the valuation aspect was the primary focus of the court's decision. en-us Mon, 19 Jan 1998 00:00:00 +0530 Sat, 12 Sep 2009 12:35:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16791 The Supreme Court held that Rule 1D is mandatory for valuing unquoted equity shares of a private limited company, disallowing deductions like capital gains tax. The court set aside the Tribunal's order and remanded the matter for compliance with the Supreme Court judgment. Other issues raised regarding the acceptance of appeal based on a previous case and the deductibility of advance tax were not directly addressed, as the valuation aspect was the primary focus of the court's decision. Case-Laws Wealth-tax Mon, 19 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16791