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
himachal pradesh high court - no jurisdiction for ao - net asset value - discounted cash flow - taxscan

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
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1599 + GST for 1 year

Subscribe Now

taxscan-loader