https://www.taxtmi.com/caselaws?id=37209 The High Court directed the Tribunal to apply Supreme Court principles for valuation of shares in the estate of late Sir E. C. Benthal. The Tribunal should consider market value for quoted shares and profit-earning capacity for unquoted shares. Proposed dividends on cumulative preference shares should be deducted as they impact the value of ordinary and deferred shares. The High Court's decision was to apply these principles for valuation, with no order as to costs. Justice BIMAL CHANDRA BASAK concurred with the judgment. en-us Mon, 04 Dec 1978 00:00:00 +0530 Sat, 27 Mar 2010 14:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37209 The High Court directed the Tribunal to apply Supreme Court principles for valuation of shares in the estate of late Sir E. C. Benthal. The Tribunal should consider market value for quoted shares and profit-earning capacity for unquoted shares. Proposed dividends on cumulative preference shares should be deducted as they impact the value of ordinary and deferred shares. The High Court's decision was to apply these principles for valuation, with no order as to costs. Justice BIMAL CHANDRA BASAK concurred with the judgment. Case-Laws Wealth-tax Mon, 04 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37209