Friday, October 9, 2020

AO cannot change valuation method adopted by assessee while determining FMV of share u/s 56

INCOME TAX : To determine fair market value of shares under section 56(2)(viib), an assessee may adopt either Net Asset Value (NAV) method or Discounted Cash Flow (DCF) method; Assessing Officer can determine a fresh valuation but cannot change method of valuation which has been opted by assessee

from www.taxmann.com Latest Case Laws https://ift.tt/33K6mvz
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