https://www.taxtmi.com/caselaws?id=55973 The Tribunal rectified its previous order in light of the Supreme Court's decision in Singhania's case, emphasizing the mandatory nature of Rule 1D of the Wealth Tax Rules for valuing unquoted equity shares. The Tribunal aligned its decision with the Supreme Court's ruling, allowing the Revenue's application and upholding the valuation conducted by the Assessing Officer in accordance with Rule 1D. This ensured conformity with the law of the land and resolved any debate on the applicability and interpretation of Rule 1D under the Wealth Tax Act. en-us Mon, 21 Nov 1994 00:00:00 +0530 Tue, 30 Nov 2010 18:41:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55973 The Tribunal rectified its previous order in light of the Supreme Court's decision in Singhania's case, emphasizing the mandatory nature of Rule 1D of the Wealth Tax Rules for valuing unquoted equity shares. The Tribunal aligned its decision with the Supreme Court's ruling, allowing the Revenue's application and upholding the valuation conducted by the Assessing Officer in accordance with Rule 1D. This ensured conformity with the law of the land and resolved any debate on the applicability and interpretation of Rule 1D under the Wealth Tax Act. Case-Laws Wealth-tax Mon, 21 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55973