https://www.taxtmi.com/caselaws?id=21653 The court ruled in favor of the assessee regarding the taxation of an Association of Persons under the Wealth-tax Act for the assessment years 1979-80 and 1980-81. However, for the valuation method of unquoted shares for the assessment years 1981-82 to 1983-84, the court sided with the Revenue, holding that rule 1D is mandatory for valuing unquoted equity shares of non-investment companies, regardless of their status as going concerns or ripe for liquidation. en-us Thu, 21 Mar 1991 00:00:00 +0530 Thu, 26 Nov 2009 13:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21653 The court ruled in favor of the assessee regarding the taxation of an Association of Persons under the Wealth-tax Act for the assessment years 1979-80 and 1980-81. However, for the valuation method of unquoted shares for the assessment years 1981-82 to 1983-84, the court sided with the Revenue, holding that rule 1D is mandatory for valuing unquoted equity shares of non-investment companies, regardless of their status as going concerns or ripe for liquidation. Case-Laws Wealth-tax Thu, 21 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21653