https://www.taxtmi.com/caselaws?id=58173 The Income Tax Appellate Tribunal (ITAT) dismissed the appeals, upholding the valuation of shares using the yield method over Rule 1D of the Wealth Tax Rules. The ITAT affirmed the 10% rate of capitalization for share valuation on a yield basis, in line with precedent. Additionally, the ITAT upheld the denial of a 15% reduction in share value for non-transferability, based on previous Tribunal decisions and lack of new arguments from the assessees. en-us Fri, 12 Dec 1986 00:00:00 +0530 Fri, 17 Dec 2010 16:59:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58173 The Income Tax Appellate Tribunal (ITAT) dismissed the appeals, upholding the valuation of shares using the yield method over Rule 1D of the Wealth Tax Rules. The ITAT affirmed the 10% rate of capitalization for share valuation on a yield basis, in line with precedent. Additionally, the ITAT upheld the denial of a 15% reduction in share value for non-transferability, based on previous Tribunal decisions and lack of new arguments from the assessees. Case-Laws Wealth-tax Fri, 12 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58173