1996 (4) TMI 19

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.... question for the asst. yrs. 1972-73 and 1973-74 under s. 27(1) of the WT Act, 1957, for the opinion of this Court : "Whether the Tribunal is correct in law in holding that in the valuation of unquoted equity shares, for the purpose of determining the break-up value, provision for taxation should be reduced by the advance tax paid ?" 2. The point for consideration is, in the valuation of unq....