https://www.taxtmi.com/caselaws?id=438852 The Tribunal set aside the CIT(A)'s decision regarding the valuation of shares, directing the Assessing Officer to reconsider using the Discounted Cash Flow (DCF) method chosen by the assessee. The Tribunal emphasized that the AO cannot change the valuation method selected by the assessee but can review the methodology and assumptions. Regarding the disallowance under Section 40(a)(i)/(ia) for non-deduction of tax at source, the Tribunal remitted the issue back to the AO for further examination of the evidence provided by the assessee regarding the applicability of TDS provisions. The appeal by the assessee was allowed for statistical purposes, necessitating a fresh assessment of both issues. en-us Tue, 13 Sep 2022 00:00:00 +0530 Fri, 09 Jun 2023 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438852 The Tribunal set aside the CIT(A)'s decision regarding the valuation of shares, directing the Assessing Officer to reconsider using the Discounted Cash Flow (DCF) method chosen by the assessee. The Tribunal emphasized that the AO cannot change the valuation method selected by the assessee but can review the methodology and assumptions. Regarding the disallowance under Section 40(a)(i)/(ia) for non-deduction of tax at source, the Tribunal remitted the issue back to the AO for further examination of the evidence provided by the assessee regarding the applicability of TDS provisions. The appeal by the assessee was allowed for statistical purposes, necessitating a fresh assessment of both issues. Case-Laws Income Tax Tue, 13 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438852