{"id":3423,"date":"2018-12-27T12:01:01","date_gmt":"2018-12-27T12:01:01","guid":{"rendered":"http:\/\/itatonline.org\/digest\/rameshwaram-strong-glass-p-ltd-v-ito-2018-172-itd-571-jaipurtrib\/"},"modified":"2019-04-20T03:12:12","modified_gmt":"2019-04-20T03:12:12","slug":"rameshwaram-strong-glass-p-ltd-v-ito-2018-172-itd-571-jaipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rameshwaram-strong-glass-p-ltd-v-ito-2018-172-itd-571-jaipurtrib\/","title":{"rendered":"Rameshwaram Strong Glass (P.) Ltd. v. ITO (2018) 172 ITD 571 \/ 170 DTR 415\/ 195 TTJ 465(Jaipur)(Trib.)"},"content":{"rendered":"<p>Tribunal held that, when law had\u00a0 given an option to assessee to choose any of method of valuation of his choice and assessee exercised an option by choosing a particular method (DCF), changing method or adopting a different method would be beyond powers of revenue authorities.\u00a0 Accordingly determined Fair Market Value of shares issued at premium on basis of Discount Cash Flow method as per guidelines given by ICAI,\u00a0 Assessing Officer cannot change the\u00a0 method of valuation of shares at premium to Net Asset Value method.(NAV) ( AY.2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources-Fair market value (FMV)  of shares issued at premium- Discount cash flow method (DCF)\u2013Net valuation method\u2013Option to choose the method of valuation is with assesses-Determined Fair Market Value of shares issued at premium on basis of Discount Cash Flow method as per guidelines given by ICAI-Assessing Officer cannot change the  method of valuation of shares at premium to Net Asset Value method.(NAV) [ S.56(2)(Viib), R.11UA(2)(b)]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3423","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-Td","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=3423"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3423\/revisions"}],"predecessor-version":[{"id":4995,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3423\/revisions\/4995"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}