since the same has been done by AO by following the
valuation guidelines of SEBI for Mutual Funds and the Assets Management
Companies and Unit ... applying illiquidity discount of 15%, the A.O relied on the
valuation guidelines of SEBI for Mutual Funds and the Assets Management
Companies and Unit
since the same has been done by AO by following the
valuation guidelines of SEBI for Mutual Funds and the Assets Management
Companies and Unit ... applying illiquidity discount of 15%, the A.O relied on the
valuation guidelines of SEBI for Mutual Funds and the Assets Management
Companies and Unit
rate, while giving their opinion as an expert on stock valuation, the guidelines do not show that any other method than the ones recommended ... best or only method of stock valuation or that all other methods of valuation would be erroneous and will not indicate the correct annual profit
Dcit Cir 3(3)(1), Mumbai vs Reliance Utilites P. Ltd, Mumbai on 17 February
gave the deficiencies of valuation Report As already
mentioned, method of valuation of 'equity shares' and that of valuation of
'preference shares ... different The ICAI also gives guidelines separately."
12. Referring to the ICAI guidelines for valuation of preference shares be
held as under
2022
A.Y. 2018-19
Raw Pressery Pvt. Ltd.
the valuation report obtained from Chartered Accountant under the
Discounted Cash Flow Method ('DCF Method ... Section 56(2)(viib) of the Act, he
contended that the valuation guidelines did not apply to shares issued
by private companies to non-residents
upon the guideline
value fixed by the State Government. The question would be as to what
is the effect of the guideline value fixed ... actual market value of the property.
The authorities cannot regard the guideline valuation as the last word
on the subject of market value but only
fair
market value as on the date of valuation as per valuation guidelines
issued by DIT and considering other relevant factors. In my
considered opinion
issue of shares to a non resident i.e. IWWTC. The said
valuation report, prepared by M/s Kalyaniwala & Mistry, CA suggested the fair
market ... valuation guidelines taking the average of NAV at Rs. 1200.19 and the PECV
value at Rs.2,413.32 per share. As regards the valuation
admitted fact that the Assessing Officer had adopted the value of
stamp valuation authorities while adopting the sale price of the flats in
question ... under:
"Stamp Duty True Market Vale Ready-Reckoner, 2009
IMPORTANT VALUATION GUIDELINES
Important Departmental Instructions for valuing Area as of Municipal Corporation,
Municipality
