https://www.taxtmi.com/caselaws?id=60214 The Tribunal held that rule 1D of the Wealth Tax Rules is mandatory and supersedes the valuation principles set by the Supreme Court. The judgment emphasized the necessity of applying rule 1D in valuing unquoted equity shares, directing the use of the yield method for valuation. The decision overturned the AAC's nil valuation and reinstated the WTO's valuation order for 20,000 shares of M/s Asiatic Wires Ltd. for the assessment year 1979-80, ruling in favor of the Department's appeal. en-us Mon, 06 Jan 1986 00:00:00 +0530 Tue, 04 Jan 2011 12:44:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60214 The Tribunal held that rule 1D of the Wealth Tax Rules is mandatory and supersedes the valuation principles set by the Supreme Court. The judgment emphasized the necessity of applying rule 1D in valuing unquoted equity shares, directing the use of the yield method for valuation. The decision overturned the AAC's nil valuation and reinstated the WTO's valuation order for 20,000 shares of M/s Asiatic Wires Ltd. for the assessment year 1979-80, ruling in favor of the Department's appeal. Case-Laws Wealth-tax Mon, 06 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60214