https://www.taxtmi.com/caselaws?id=439700 The Tribunal allowed the appeals of the assessees, emphasizing the importance of respecting the chosen valuation method and providing proper justifications for any rejections under the Income Tax Act. The Tribunal found that the AO erred in rejecting the DCF method without proper justification, leading to the appeal being allowed. The ld. CIT(A) failed to identify flaws in the methodology and summarily dismissed the valuation, resulting in the appeals being allowed. en-us Tue, 27 Jun 2023 00:00:00 +0530 Fri, 30 Jun 2023 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439700 The Tribunal allowed the appeals of the assessees, emphasizing the importance of respecting the chosen valuation method and providing proper justifications for any rejections under the Income Tax Act. The Tribunal found that the AO erred in rejecting the DCF method without proper justification, leading to the appeal being allowed. The ld. CIT(A) failed to identify flaws in the methodology and summarily dismissed the valuation, resulting in the appeals being allowed. Case-Laws Income Tax Tue, 27 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439700