https://www.taxtmi.com/caselaws?id=20015 The High Court ruled in favor of the Revenue on all four issues, emphasizing the mandatory nature of Rule 1D for valuing unquoted shares and applying the legal fiction under Section 21(3) to treat the minor beneficiary's interest as absolute ownership for tax purposes. en-us Wed, 02 Feb 1994 00:00:00 +0530 Wed, 11 Nov 2009 11:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20015 The High Court ruled in favor of the Revenue on all four issues, emphasizing the mandatory nature of Rule 1D for valuing unquoted shares and applying the legal fiction under Section 21(3) to treat the minor beneficiary's interest as absolute ownership for tax purposes. Case-Laws Wealth-tax Wed, 02 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20015