https://www.taxtmi.com/caselaws?id=26973 The court upheld the Income-tax Officer's valuation method for determining the fair market value of shares sold by a non-resident foreign company, emphasizing the importance of considering the profit-earning capacity of the company. It rejected the use of the break-up method, stating that the yield method is generally more appropriate for private companies. The court found the valuation at Rs. 202 per share to be suitable and dismissed the argument of double standards in valuation. The judgment favored the Department and highlighted the significance of using the profit-earning capacity to determine share value for unlisted companies. en-us Fri, 05 Jul 1985 00:00:00 +0530 Tue, 09 Feb 2010 17:55:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26973 The court upheld the Income-tax Officer's valuation method for determining the fair market value of shares sold by a non-resident foreign company, emphasizing the importance of considering the profit-earning capacity of the company. It rejected the use of the break-up method, stating that the yield method is generally more appropriate for private companies. The court found the valuation at Rs. 202 per share to be suitable and dismissed the argument of double standards in valuation. The judgment favored the Department and highlighted the significance of using the profit-earning capacity to determine share value for unlisted companies. Case-Laws Income Tax Fri, 05 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26973