https://www.taxtmi.com/caselaws?id=799858 Section 56(2)(viib) read with Rule 11UA permits valuation of unquoted equity shares using prescribed methods, including the Discounted Cash Flow and Net Asset Value methods. The assessee may choose a prescribed method, while the Assessing Officer may scrutinise the valuation's assumptions, projections, discount rates and other inputs. Past losses or reliance on management projections do not, by themselves, justify replacing a Discounted Cash Flow valuation with the Net Asset Value method. Replacement requires identified arithmetical errors, factual inaccuracies, internal inconsistencies or foundational defects in the chosen valuation. In their absence, substitution of the valuation method is impermissible. en-us Mon, 21 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799858 Section 56(2)(viib) read with Rule 11UA permits valuation of unquoted equity shares using prescribed methods, including the Discounted Cash Flow and Net Asset Value methods. The assessee may choose a prescribed method, while the Assessing Officer may scrutinise the valuation's assumptions, projections, discount rates and other inputs. Past losses or reliance on management projections do not, by themselves, justify replacing a Discounted Cash Flow valuation with the Net Asset Value method. Replacement requires identified arithmetical errors, factual inaccuracies, internal inconsistencies or foundational defects in the chosen valuation. In their absence, substitution of the valuation method is impermissible. Case-Laws Income Tax Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799858