https://www.taxtmi.com/caselaws?id=28039 The High Court affirmed the Tribunal's decision to use the yield method for valuing unquoted shares in five companies, including Mugneeram Bangur & Co. Pvt. Ltd. The Court dismissed the Revenue's appeals and partly allowed the assessee's appeals. It emphasized that the yield method is suitable for valuing shares of a going concern, in line with established judicial principles. The Court found the Tribunal's approach consistent with Supreme Court guidelines and deemed the circulars and rules cited by the Revenue as inapplicable to the case. en-us Wed, 28 Apr 1982 00:00:00 +0530 Wed, 17 Feb 2010 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28039 The High Court affirmed the Tribunal's decision to use the yield method for valuing unquoted shares in five companies, including Mugneeram Bangur & Co. Pvt. Ltd. The Court dismissed the Revenue's appeals and partly allowed the assessee's appeals. It emphasized that the yield method is suitable for valuing shares of a going concern, in line with established judicial principles. The Court found the Tribunal's approach consistent with Supreme Court guidelines and deemed the circulars and rules cited by the Revenue as inapplicable to the case. Case-Laws Wealth-tax Wed, 28 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28039