No power to the AO to choose his own method to arrive at the value of shares whereas assessee has such choice of option

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Last updated: 06 January 2021
Quick Summary
This Income Tax Appellate Tribunal case concerns the valuation of shares. The Revenue appealed a decision where the CIT(Appeals) accepted the assessee's Discount Cash Flow (DCF) method over the Assessing Officer's (AO) valuation. The core issue is whether the AO has the discretion to choose their valuation method, or if the assessee's chosen method should be preferred when it results in a higher valuation.

Court :
ITAT Chennai

Brief :
This appeal filed by the Revenue is directed against theorder of the learned CIT(Appeals)-4, Chennai dated 28.12.2018 and pertains to assessment year 2015-16.

Citation :
I.T.A.No.521/Chny/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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