https://www.taxtmi.com/caselaws?id=60838 For valuation of quoted shares, the quotation nearest to the valuation date was the proper basis, and the later Bombay Stock Exchange quotation was preferred over the Delhi Stock Exchange quotation because it reflected a more recent transaction. The revenue did not show any still-closer higher transaction price. On that basis, the Bombay Stock Exchange quotation was correctly accepted for valuation and the revenue's challenge failed. en-us Tue, 02 Sep 1986 00:00:00 +0530 Sat, 08 Jan 2011 12:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60838 For valuation of quoted shares, the quotation nearest to the valuation date was the proper basis, and the later Bombay Stock Exchange quotation was preferred over the Delhi Stock Exchange quotation because it reflected a more recent transaction. The revenue did not show any still-closer higher transaction price. On that basis, the Bombay Stock Exchange quotation was correctly accepted for valuation and the revenue's challenge failed. Case-Laws Wealth-tax Tue, 02 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60838