https://www.taxtmi.com/caselaws?id=467329 Whether an Assessing Officer may reject an assessee's DCF valuation and substitute NAV under the statutory scheme of section 56(2)(viib) and Rule 11UA is governed by the rule that assessees may adopt any prescribed method and support it with a valuation report; the AO may displace the chosen method only if the method or report is demonstrably incorrect or unsupported by record. Applying that principle, the DCF-based valuation substantiated by the assessee could not be supplanted by NAV absent compelling justification, so the addition was held unsustainable. en-us Thu, 17 Oct 2024 00:00:00 +0530 Sat, 14 Mar 2026 18:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467329 Whether an Assessing Officer may reject an assessee's DCF valuation and substitute NAV under the statutory scheme of section 56(2)(viib) and Rule 11UA is governed by the rule that assessees may adopt any prescribed method and support it with a valuation report; the AO may displace the chosen method only if the method or report is demonstrably incorrect or unsupported by record. Applying that principle, the DCF-based valuation substantiated by the assessee could not be supplanted by NAV absent compelling justification, so the addition was held unsustainable. Case-Laws Income Tax Thu, 17 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467329