https://www.taxtmi.com/caselaws?id=438761 The CIT(A) upheld the use of the DCF method for valuing unquoted shares, rejecting the AO's attempt to change the valuation method. The CIT(A) found the AO's rejection of the DCF method unjustified, emphasizing that the method is recognized and appropriate. The CIT(A) also clarified that the AO cannot reject a prescribed valuation method and dismissed the Revenue's appeal, affirming the correctness of the DCF method and the valuation principles applied. en-us Fri, 12 May 2023 00:00:00 +0530 Thu, 08 Jun 2023 09:09:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438761 The CIT(A) upheld the use of the DCF method for valuing unquoted shares, rejecting the AO's attempt to change the valuation method. The CIT(A) found the AO's rejection of the DCF method unjustified, emphasizing that the method is recognized and appropriate. The CIT(A) also clarified that the AO cannot reject a prescribed valuation method and dismissed the Revenue's appeal, affirming the correctness of the DCF method and the valuation principles applied. Case-Laws Income Tax Fri, 12 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438761