https://www.taxtmi.com/caselaws?id=37735 The High Court upheld the Tribunal's valuation methodology based on the average earning capacity of unquoted shares in Karnani Properties Ltd. and Karnani Investment Pvt. Ltd., rejecting the revenue's argument for applying the break-up method. The judgment favored the assessee, emphasizing the importance of considering factors like yield, assets, potentiality, and comparable values of shares in similar companies for valuation purposes. No costs were awarded in this case. en-us Thu, 06 Apr 1978 00:00:00 +0530 Wed, 31 Mar 2010 17:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37735 The High Court upheld the Tribunal's valuation methodology based on the average earning capacity of unquoted shares in Karnani Properties Ltd. and Karnani Investment Pvt. Ltd., rejecting the revenue's argument for applying the break-up method. The judgment favored the assessee, emphasizing the importance of considering factors like yield, assets, potentiality, and comparable values of shares in similar companies for valuation purposes. No costs were awarded in this case. Case-Laws Wealth-tax Thu, 06 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37735