https://www.taxtmi.com/caselaws?id=396459 The Tribunal set aside the CIT(A)'s order and remanded the case to the AO for a fresh decision, directing the use of the Discounted Cash Flow (DCF) method for valuation. The AO was instructed to adhere to the DCF method as chosen by the assessee and scrutinize the valuation report accordingly. The appeal was allowed for statistical purposes, with the AO required to comply with the directives in line with the Bombay High Court's ruling in a similar case. en-us Fri, 03 Jul 2020 00:00:00 +0530 Mon, 30 Nov 2020 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396459 The Tribunal set aside the CIT(A)'s order and remanded the case to the AO for a fresh decision, directing the use of the Discounted Cash Flow (DCF) method for valuation. The AO was instructed to adhere to the DCF method as chosen by the assessee and scrutinize the valuation report accordingly. The appeal was allowed for statistical purposes, with the AO required to comply with the directives in line with the Bombay High Court's ruling in a similar case. Case-Laws Income Tax Fri, 03 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396459