https://www.taxtmi.com/caselaws?id=409175 The Tribunal allowed the appeal for statistical purposes, remanding the case to the Assessing Officer (AO) for a fresh decision. The AO was directed to adhere to the Discounted Cash Flow (DCF) method chosen by the Assessee and consider only the data available on the valuation date. The Assessee must substantiate projections and valuation factors with empirical or scientific data. The Commissioner of Income Tax (Appeals) order was set aside, providing the Assessee an opportunity for a hearing in the fresh decision. en-us Wed, 30 Jun 2021 00:00:00 +0530 Thu, 01 Jul 2021 07:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409175 The Tribunal allowed the appeal for statistical purposes, remanding the case to the Assessing Officer (AO) for a fresh decision. The AO was directed to adhere to the Discounted Cash Flow (DCF) method chosen by the Assessee and consider only the data available on the valuation date. The Assessee must substantiate projections and valuation factors with empirical or scientific data. The Commissioner of Income Tax (Appeals) order was set aside, providing the Assessee an opportunity for a hearing in the fresh decision. Case-Laws Income Tax Wed, 30 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409175