No Jurisdiction for AO to substitute NAV method of Assessing Valuation of Shares when Assessee Exercised DCF Valuation Method: HP HC [Read Order]
Assessing Officer not correct in rejecting the DCF method and proceeding to value the shares by NAV method merely on the ground that there was a huge difference in projected figures and actual results available for some years, rules HP HC
In a recent decision, the Himachal Pradesh High Court held that the Assessing Officer lacks jurisdiction to substitute the net asset value ( NAV ) method of assessing valuation of shares when assessee exercised the Discounted Cash Flow ( DCF ) valuation method. In the assessment order, the valuation report furnished by the assessee-company was…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
