https://www.taxtmi.com/caselaws?id=283660 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reexamine the fair market value of shares based on the higher of prescribed methods or the value of the company's assets on the date of issue. Proper verification and possible referral to the DVO were emphasized for determining asset values, particularly the property in Kolkata. The Tribunal stressed the importance of considering market values for accurate valuation. en-us Mon, 07 Jan 2019 00:00:00 +0530 Sat, 05 Oct 2019 06:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283660 The Tribunal allowed the appeal for statistical purposes, directing the Assessing Officer to reexamine the fair market value of shares based on the higher of prescribed methods or the value of the company's assets on the date of issue. Proper verification and possible referral to the DVO were emphasized for determining asset values, particularly the property in Kolkata. The Tribunal stressed the importance of considering market values for accurate valuation. Case-Laws Income Tax Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283660