https://www.taxtmi.com/caselaws?id=781513 ITAT DELHI held that the assessee was entitled to use the DCF method under Rule 11UA and the AO could not substitute that choice by adopting FMV/NAV, following the HC's precedent affirming the taxpayer's option to elect DCF or NAV. The tribunal set aside the orders of lower authorities and remanded the matter to the AO for de novo assessment after granting the assessee opportunity to be heard and to furnish evidence and details; all grounds of appeal were allowed for statistical purposes. en-us Fri, 19 Sep 2025 00:00:00 +0530 Mon, 17 Nov 2025 08:36:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781513 ITAT DELHI held that the assessee was entitled to use the DCF method under Rule 11UA and the AO could not substitute that choice by adopting FMV/NAV, following the HC's precedent affirming the taxpayer's option to elect DCF or NAV. The tribunal set aside the orders of lower authorities and remanded the matter to the AO for de novo assessment after granting the assessee opportunity to be heard and to furnish evidence and details; all grounds of appeal were allowed for statistical purposes. Case-Laws Income Tax Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781513