https://www.taxtmi.com/caselaws?id=19692 Unquoted equity shares of going concerns, not ripe for liquidation, were to be valued on the yield method rather than the break-up value method for reference purposes under the Gift-tax Act. The valuation issue was treated as already settled by binding Bombay High Court authority, supported by the Supreme Court, and no exceptional circumstances were shown to justify departure. On that basis, the Tribunal correctly declined to make a reference and the yield method was held to be the proper basis of valuation. en-us Wed, 20 Nov 1991 00:00:00 +0530 Mon, 09 Nov 2009 10:28:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19692 Unquoted equity shares of going concerns, not ripe for liquidation, were to be valued on the yield method rather than the break-up value method for reference purposes under the Gift-tax Act. The valuation issue was treated as already settled by binding Bombay High Court authority, supported by the Supreme Court, and no exceptional circumstances were shown to justify departure. On that basis, the Tribunal correctly declined to make a reference and the yield method was held to be the proper basis of valuation. Case-Laws Income Tax Wed, 20 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19692