AO cannot change Valuation Method Opted by Taxpayer: Delhi HC directs AO to determine FMV of Shares Bearing DCF method in Mind [Read Order]

The Assessing Officer cannot change the method of valuation which has been opted by the assessee
By Aiswarya Krishnadas - On April 10, 2024 10:18 am - 2 mins read
AO cannot - Valuation Method Opted by Taxpayer - Delhi HC directs AO - FMV of Shares Bearing DCF method in Mind - taxscan

The Delhi High Court Directed the Assessing Officer ( AO ) to determine fair market value ( FMV ) of shares bearing in mind the discounted cash Flow ( DCF ) method, prohibiting AO from Altering Valuation Method Chosen by Taxpayer.” In the case concerning Assessment Year 2014-15, the Income Tax Appellate Tribunal (ITAT) upheld…

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