Share Valuation for Gift Tax Purposes shall be in accordance with Restrictions on Transfer: Supreme Court [Read Judgment]

Share Valuation - Gift Tax - Restrictions - Transfer - Supreme Court - taxscan

The Supreme Court of India, in a recent ruling, has held that the valuation of shares shall be done taking into consideration the restrictions and limitations on transfer of said shares. The issue raised in these appeals relates to the valuation of 29,46,500 shares of M/s. BPL Sanyo Technologies Limited and 69,49,900 shares of M/s….

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