accountants who have taken
the average value arrived at by the net asset
method, the profit earning capacity method and the
market quotation, giving ... combination of three well known methods of
valuation of shares, namely, the yield method, the
net assets value method and the market value
method
though it may result in
loss of"reven.ue.': Net asset method is one of
'Vthe permissible' course to ascertain ... assessee
or not for
Hence, net asset
me-thodf is . _of.. «recognized method for
ascertaining~inco1n.e} In case the assessee is
Qfound
audited balance sheet for the period
ending 31.3.2010 as per net asset value method and there is no
substantial change in the value
several methods
by which shares are valued and that two of which are,
Discounted Cash Flow (DCF) method and Net Assets
Value (NAV) method ... also the time value of money,
-6-
whereas NAV method is to divide the present net worth
of the company by the total number
valuation of shares, it noted that the common methods in vogue are net asset value, profit earning capacity and discounted cash flow; and the choice
apply the "intrinsic value method" and observed as follows :
"Intrinsic Value Method :
The assets comprise current assets and office furniture and fittings ... ought to have, while adopting the methods of valuation of shares, viz., the profitability method and the asset method, viewed from the angle, the company
ascertaining the net wealth of an individual.
Section 2(m) of the Act defines the meaning of the expression 'net wealth' to mean ... machinery provision and lays down the method of valuation of an asset for the purpose of computation of net wealth of an assessee. Sub-sections
value of the net assets of the company while determining the value according to the break-up method as rule 1D of the Wealth ... methods of valuation of assets."Breaks-up value" method being one of the recognised methods of valuation, the Board has prescribed that method
Darshana Kadakia vs Serious Fraud Investigation Office on 15 April, 2024
Author: Hemant Chandangoudar
Bench
Srividya C G vs Serious Fraud Investigation Office on 15 April, 2024
Author: Hemant Chandangoudar
