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1993 (9) TMI 149 - AT - Income TaxExtract: .......he value of the unquoted equity shares of a non-investment company has to be made on the basis of breakup value method as contained in rule 10(2) of the G.T. Rules. We uphold the order of the CIT (A) directing the Gift-tax Officer to value the shares gifted by the assessee on the basis of the profit earning method. The appeal fails and is dismissed
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