AO couldn’t force assessee to choose a particular method for determining FMV as per rule 11UA

INCOME TAX: As per rule 11UA(1)(c)(b), it was prerogative of assessee to estimate fair market value of shares issued by it adopting one method out of two methods i.e. discounted cash flow method or book value method and that revenue authorities could not force assessee to adopt particular method for valuing fair market value of share

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