https://www.taxtmi.com/caselaws?id=798880 Rule 11UA recognises the Discounted Cash Flow method for valuing shares under Section 56(2)(viib). Valuation based on projected future performance should not be rejected by substituting actual subsequent results or the Net Asset Value method, where the taxpayer has adopted a prescribed method. Interest on borrowings used to construct commercial buildings may remain deductible as revenue expenditure under Section 36(1)(iii) where the buildings generate business income; a later occupancy certificate does not by itself establish that the buildings were not put to business use. Advertisement and marketing expenditure for operational commercial space may be deductible under Section 37(1), as the occupancy certificate alone does not determine commercial readiness or business-purpose deductibility. en-us Wed, 05 Aug 2026 00:00:00 +0530 Mon, 14 Sep 2026 08:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798880 Rule 11UA recognises the Discounted Cash Flow method for valuing shares under Section 56(2)(viib). Valuation based on projected future performance should not be rejected by substituting actual subsequent results or the Net Asset Value method, where the taxpayer has adopted a prescribed method. Interest on borrowings used to construct commercial buildings may remain deductible as revenue expenditure under Section 36(1)(iii) where the buildings generate business income; a later occupancy certificate does not by itself establish that the buildings were not put to business use. Advertisement and marketing expenditure for operational commercial space may be deductible under Section 37(1), as the occupancy certificate alone does not determine commercial readiness or business-purpose deductibility. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798880