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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Valuation of shares - Restriction as per Rule 11U(a) on the ...

Income Tax

January 3, 2019

Valuation of shares - Restriction as per Rule 11U(a) on the auditor’s acceptance as Accountant for the purposes of Rule 11UA (2) is well founded. - There is no merit in this argument of the assessee that only because the certificate is given by the auditor, it should not be held that the value certified by him is not acceptable.

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