value of ₹.33/- per share was determined on the basis of
net asset method, which is in accordance with sub-clause (ii) of clause ... fair market value at ₹.33/- per share on the basis of
Net Assets method which is in accordance with the second method
method and adopted
the NAV method but the latter is also far from perfect for the
appellant. The Net Asset Value method for computing ... method (hereinafter
referred to as DCF method).
d. The learned Assessing Officer discarded, the DCF method
adopted by the Respondent and 'applied Net Asset
Direct Media Distribution Ventures Pvt. Ltd,; A.Y. 2012-13
Net Assets Value method adopted by the Assessee company to
charge such high premium ... assessee company was
made on the basis of adjusted Net Asset Value (NAV) method and
observed that the valuation report is factually incorrect
PCIT by following
the 'Book Value', or the Net Asset Value (NAV) Method for
valuing shares as per the Balance Sheet ... asking for a valuation done on
the basis of the Net Asset Value Method; that from the facts, it was
clear that the taxing Authorities
required to be made on the
basis of the Net Asset Value method. Drawing our attention
towards the Valuation report submitted on behalf ... Valuer did not compute value of shares
under the Net Asset Value method as was agreed under the JV
Agreement. We find that para
required to be made on the
basis of the Net Asset Value method. Drawing our attention
towards the Valuation report submitted on behalf ... Valuer did not compute value of shares
under the Net Asset Value method as was agreed under the JV
Agreement. We find that para
valuer has arrived at the valuation of an
average of Net Asset Value method and Discounted
Cash Flow method. Accordingly, the fair value of
share ... arrived at by taking into consideration the average of
the net asset value method and discounted free cash flow
method. Assessee also submitted the copies
being the fair
market value of the shares based on Net Assets Value method at least.
Failure on the part ... extent of
the fair market value even based on the Net Assets Value method, it
appears that the ld. CIT (A) was not functioning
being the fair
market value of the shares based on Net Assets Value method at least.
Failure on the part ... extent of
the fair market value even based on the Net Assets Value method, it
appears that the ld. CIT (A) was not functioning
vide DCF method and the ld. AO has applied the Net Asset
Value method and computed a different value of share ... above, it is further submitted that even if Net Asset
Value method has to be applied, then the assessee has even filed calculation
