Search Results Page

Search Results

1 - 8 of 8 (0.97 seconds)
Kataria Snack Pellets Private ... vs Assistant Commissioner Of Income Tax, ... on 7 October, 2025 cites

Agro Porfolio Private Ltd., New Delhi vs Ito, Ward- 1(4), New Delhi on 16 May, 2018

This was significantly lower than the Rs. 5,000 per share determined by the appellant using the DCF method. Judicial Support for NAV Method, has been demonstrated by the assessing officer. The AO referred to judicial precedents supporting the rejection of the DCF method in cases where the projections were unverified or unrealistic. Notably, the AO cited the decision in Agro Portfolio (P) Ltd. vs. ITO (supra), where the ITAT upheld the AO's rejection of the DCF method due to the lack of verifiable data and substituted it with the NAV method. Therefore, we note that above findings of the learned CIT(A) is based on factual position. Therefore, none of the case law cited by the learned Counsel for the assessee would assist the assessee, as the certificate given by the Chartered Accountant is itself wrong and defective, as noted above.
Income Tax Appellate Tribunal - Delhi Cites 5 - Cited by 28 - Full Document
1