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1999 (1) TMI 7 - ANDHRA PRADESH HIGH COURTExtract: .......he Assessing Officer himself to reframe the assessment de novo by holding that the market value of unquoted equity shares of a going concern could be determined for gift-tax purposes only according to the yield method only and not as per the break-up method provided in rule 1D of the Wealth-tax Rules, 1957? The gift-tax case is accordingly allowed.
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