Innoviti Payment Solutions Pvt. Ltd. vs ITO
Whether the Assessing Officer was justified in rejecting the Discounted Cash Flow (DCF) method valuation report submitted by the assessee and adopting the Net Asset Value (NAV) method under Rule 11UA(b) for determining fair market value of shares under section 56(2)(viib) of the Income Tax Act, 1961 --- Held Yes.
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