averaging the valuation as per PECV method as well as net asset
value method. He submitted that when the legislation has conferred
an option ... learned Assessing Officer needs to examine
that method. Naturally, if the discounted cash flow method and net
asset value method gives the same result, where
additional income which has been tested and
cross checked by "Net Asset Method" has been offered for
taxation. Accordingly, as the figure arrived ... net assets'
method is more, that figure has been offered as income.
8. It was pointed out by the Bench that in schedule
account for the purpose of estimating the income. According to him, net asset method is a recognized principle of working out income, where records
time by taking
into account market price, discounted cash flow, net asset value
method, and thereafter giving proper weightages for lock in period,
the value ... into
consideration vis-à-vis market price, discounted cash flow, net asset
value method, an expert has arrived at the fair market value
time by taking
into account market price, discounted cash flow, net asset value
method, and thereafter giving proper weightages for lock in period,
the value ... into
consideration vis-à-vis market price, discounted cash flow, net asset
value method, an expert has arrived at the fair market value
Net Asset Valuation Method' (Asset approach) and 'Earning Per Share Method' (Income method) was adopted. Using the 'Net Valuation Method ... basis alone as alleged. The independent valuer has compared values on net asset value, earnings per share and has determined the fair value in accordance
Indian Market
Internationally accepted practices
to envisage all scenarios."
10. The method of valuation has been indicated by ITCOT by
enumerating the guidelines which ... applicable methodologies were adopted.
1. Discounted Cash Flow Methodology
2. Net Asset Value Method
3. Relative Valuation Technique or Valuation Multiples
submitted that the book value is a well known method for determining the net asset value and hence it is also an accepted method ... lakhs against net fixed assets (NFA) and current work in progress (CWIP) of Rs. 103 lakhs. Net working capital was negative to the extent
valued the shares of
SAFL by DCF method. Admittedly, the said method is one of the
methods that can be adopted by the Assessee under ... Date:02.06.2025
17:56:20
DCF method as well as net asset value (NAV) method. According to
him, the purity of the method was required
Chartered Accountant. The valuation was made based on
the Net Asset Value Method (NAVM). The valuation revealed that the
shares of the respondent/assessee were
