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January 22, 2024

Valuation of shares : Where assessee-company issued shares to a party at certain premium and adopted discount cash flow (DCF) method for calculating Fair Market Value [FMV] of shares, since there was no dispute about correctness of data as supplied by assessee to CA and data in valuation of shares was basis of projection which was calculated by CA, AO could not have rejected DCF method adopted by assessee – Joint Commissioner of Income-tax (OSD) v. Om Sons Marketing (P.) Ltd. – [2024] 158 taxmann.com 175 (Amritsar – Trib.)

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