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1998 (1) TMI 110 - AT - Income TaxExtract: .......old that under the Gift-tax Act, the valuation of unquoted equity shares has to be arrived at on the basis of the yield method and not that of break-up method as held in the case of Bharat Hari Singhania. In the circumstances, the decision of the learned CWT (Appeals) on the issue is upheld. 9. In the result, the appeal of the revenue is dismissed.
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