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Acit, Circle 4(2), New Delhi vs Cinestaan Entertainment Pvt Ltd, New ... on 24 April, 2026 cites

Acit, New Delhi vs Sh. Satish Kumar Gupta, New Delhi on 24 August, 2018

Further the reason given by the learned Assessing Officer that the net asset value method and the discounted cash flow method for valuation of the shares of the company gives a wide variation between them, we do not find any reason to find fault with the assessee in such cases. Both these methods have different approaches and methodologies therefore there are bound to be differences, but it does not give any authority to the learned Assessing Officer to pick and choose one of the method and make the addition. It is the assessee who has to exercise one of the options available under the provisions of the law for valuing the shares. The learned 37 ITA No.4557/Del/2025 ACIT vs. Cinestaan Entertainment Pvt. Ltd.
Income Tax Appellate Tribunal - Delhi Cites 0 - Cited by 11 - Full Document

Saraswati Industrial Syndicate Ltd vs C.I.T., Haryana, Himachal Pradesh, ... on 4 September, 1990

21. Since the assessee has not filed any report in support of the Fair Market Value for issue of shares during the year under appeal, it was the duty of the Assessing Officer to obtain the report from the approved valuer as AO is not entitled to comment upon the technical matters as has been held by the Hon'ble Supreme Court in the case of Saraswati Industrial Syndicate Ltd vs CIT reported in 232 ITR 01 SC.
Supreme Court of India Cites 11 - Cited by 210 - K N Singh - Full Document

Dy. Commissioner Of Income Tax Circle ... vs Sodexo Facilities Management Services ... on 25 May, 2023

regions as would be evident from the discussion which ensues. We, in this regard, firstly take into consideration the judgment rendered by the Mumbai Bench of the ITAT in DCIT, Circle 13(2)(2), Mumbai vs. Sodexo Facilities Management Services [IT Appeal No. 2945(Mum) of 2022 dated 25.05.2023] where it was held as under:-
Income Tax Appellate Tribunal - Mumbai Cites 18 - Cited by 0 - Full Document
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