https://www.taxtmi.com/caselaws?id=782045 ITAT Bangalore held that for valuation of unquoted equity shares under s.56(2)(viib), Rule 11UA(2) permits the assessee to choose any prescribed method, including the DCF method. The assessee had validly adopted DCF supported by a valuation report from an accountant. The AO erred in discarding DCF, substituting the net asset value method, and using actual results of subsequent years to question projected figures. ITAT upheld the CIT(A)/NFAC in accepting the DCF valuation and directed deletion of the addition under s.56(2)(viib), dismissing the revenue's appeal. en-us Fri, 21 Nov 2025 00:00:00 +0530 Mon, 24 Nov 2025 08:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782045 ITAT Bangalore held that for valuation of unquoted equity shares under s.56(2)(viib), Rule 11UA(2) permits the assessee to choose any prescribed method, including the DCF method. The assessee had validly adopted DCF supported by a valuation report from an accountant. The AO erred in discarding DCF, substituting the net asset value method, and using actual results of subsequent years to question projected figures. ITAT upheld the CIT(A)/NFAC in accepting the DCF valuation and directed deletion of the addition under s.56(2)(viib), dismissing the revenue's appeal. Case-Laws Income Tax Fri, 21 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782045