Fair market value of assets in certain cases

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....ndirectly, any right of management or control in the said company, the fair market value of the share shall be determined using the following formula:- Fair market value = (A+B)/C Where, - A = the market capitalisation of the company on the basis of observable price of its shares quoted on the recognised stock exchange; B = the book value of liabilities of the company; and C = the total number of outstanding shares; or (b) if, on the specified date, the share is listed on more than one recognised stock exchange, the observable price of the share shall be computed with reference to the recognised stock exchange which records the highest volume of trading in the share during the tax year. ....

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....share profits; and (e) the sum total of the amount so allocated as per clauses (a) to (d) to a partner or member shall be treated as the fair market value of the interest of that partner or member in the firm or the association of persons, as the case may be. (5) The fair market value of the asset other than those referred to in sub-rules (2), (3) and (4) shall be the price it would fetch, if sold in the open market as determined by a merchant banker or an accountant and increased by the liability, if any, considered in such determination. (6) The fair market value of all the assets of a foreign company or an entity on the specified date, if conditions specified in column B of the following Table are fulfilled, shall be deter....

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....share during the period considered for determining the price; and B = book value of the liabilities of the company or the entity. 4. Where the share in the foreign company or entity is not listed on a stock exchange on the specified date. Fair market value of all the assets = A+B Where, - A = fair market value of the foreign company or the entity as on the specified date as determined by a merchant banker or an accountant as per the internationally accepted valuation methodology; and B = value of liabilities of the company of the entity if any, considered for the determination of fair market value in A. (7) Where fair market value has been determined on the basis of any interim balance sheet referre....