Meaning of expressions used in determination of fair market value

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....(a) ^5[****] ^3[(b) "balance-sheet", in relation to any company, means,- (i) for the purposes of sub-rule (2) of rule 11 UA, the balance-sheet of such company (including the notes annexed thereto and forming part of the accounts) as drawn up on the valuation date which has been audited by the auditor of the company appointed under section 224 of the Companies Act, 1956 (1 of 1956....

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....o and forming part of the accounts) as drawn up on the valuation date which has been audited by the auditor of the company, if any, appointed under the laws in force of the country in which the company is registered or incorporated;]'] (c) "merchant banker" means category I merchant banker registered with Security and Exchange Board of India established under section 3 of the Securiti....

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....ning as assigned to it in section 34AB of the Wealth Tax Act, 1957(27 of 1957) read with rule 8A of wealth-tax Rules, 1957; (h) "securities" shall have the same meaning as assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (i) "unquoted shares and securities", in relation to shares or securities, mea....

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....art of the accounts) as drawn up on the valuation date;" 4. Substituted vide Notification No. 52/2012 dated 29-11-2012 before it was read as, "(j) "valuation date" means the date on which the respective property is received by the assessee." 5. Omitted vide Notification No. 23/2018 dated 24-05-2018 before it was read as, "^2[(a) "accountant",- (i) for th....