https://www.taxtmi.com/caselaws?id=21058 Rules 1C and 1D of the Wealth-tax Rules governing valuation of unquoted shares were treated as mandatory where those rules apply to non-listed shares. The court applied its earlier reasoning on rule 1D and extended the same approach to rule 1C for unquoted preference shares, rejecting a general yield basis valuation. The result was that ordinary, deferred and preference shares were not to be valued on yield basis when the statutory valuation rules governed the case. en-us Mon, 17 Feb 1992 00:00:00 +0530 Thu, 19 Nov 2009 17:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21058 Rules 1C and 1D of the Wealth-tax Rules governing valuation of unquoted shares were treated as mandatory where those rules apply to non-listed shares. The court applied its earlier reasoning on rule 1D and extended the same approach to rule 1C for unquoted preference shares, rejecting a general yield basis valuation. The result was that ordinary, deferred and preference shares were not to be valued on yield basis when the statutory valuation rules governed the case. Case-Laws Wealth-tax Mon, 17 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21058