District Valuation Officer, Jaipur, Rajasthan
and the valuation report given by the Valuation Officer was not valid
as he was below the District Valuation Officer ... District Valuation Officer,
Jaipur, Rajasthan and not the Department Valuation Officer.
In the case of the assessee, the valuation by the Valuation Officer
effected by the buyer on square foot basis as per the
guideline valuation. He submitted that even after the guideline
valuation as per communication ... events are as under:
S.No Event Date Stamp Duty/Guideline valuation
1 First MoU with Ramji 25/5/2010
effected by the buyer on square foot basis as per the
guideline valuation. He submitted that even after the guideline
valuation as per communication ... events are as under:
S.No Event Date Stamp Duty/Guideline valuation
1 First MoU with Ramji 25/5/2010
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
fully and mandatorily convertible preference
shares subject to the pricing guidelines/valuation norms and reporting
requirements amongst other requirements as prescribed under FEMA
Regulations ... optionally convertible or partially convertible, have to be in
accordance with the guidelines applicable for External Commercial
Borrowings (ECBs).
iii) As far as debentures
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
determined as per the said CCI's guidelines.
(4) The valuation as per Rule 10-D of the Wealth-tax Rules provides lower value ... about the company among the investors. Since there was no guideline or restriction for valuation of shares for the purpose of determining the premium
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
