https://www.taxtmi.com/caselaws?id=399429 The Tribunal allowed the appeal, holding that the authorities were not justified in rejecting the DCF valuation report and substituting their own valuation. The Tribunal emphasized adherence to the prescribed valuation method under Rule 11UA(2) and found the rejection of the DCF valuation unjustified. The appeal was allowed in favor of the assessee, and the addition of Rs. 1,59,39,863 was deleted. en-us Wed, 30 Sep 2020 00:00:00 +0530 Sat, 10 Oct 2020 15:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399429 The Tribunal allowed the appeal, holding that the authorities were not justified in rejecting the DCF valuation report and substituting their own valuation. The Tribunal emphasized adherence to the prescribed valuation method under Rule 11UA(2) and found the rejection of the DCF valuation unjustified. The appeal was allowed in favor of the assessee, and the addition of Rs. 1,59,39,863 was deleted. Case-Laws Income Tax Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399429