https://www.taxtmi.com/caselaws?id=417929 The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to adhere to the Discounted Free Cash Flow (DCF) method for valuation of shares. The AO must reevaluate the shares based on the DCF method, considering only the facts and data available at the valuation date. The burden of proving the accuracy of the valuation report rests with the assessee. The appeal by the assessee was allowed for statistical purposes, with instructions for reassessment based on the DCF method in accordance with relevant legal precedents. en-us Tue, 01 Feb 2022 00:00:00 +0530 Thu, 03 Feb 2022 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417929 The Tribunal set aside the CIT(A)'s order and directed the Assessing Officer to adhere to the Discounted Free Cash Flow (DCF) method for valuation of shares. The AO must reevaluate the shares based on the DCF method, considering only the facts and data available at the valuation date. The burden of proving the accuracy of the valuation report rests with the assessee. The appeal by the assessee was allowed for statistical purposes, with instructions for reassessment based on the DCF method in accordance with relevant legal precedents. Case-Laws Income Tax Tue, 01 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417929