{"id":7905,"date":"2019-10-18T05:48:11","date_gmt":"2019-10-18T05:48:11","guid":{"rendered":"http:\/\/itatonline.org\/digest\/narag-access-pvt-ltd-v-dcit-mumtrib-www-itatonline-org\/"},"modified":"2019-10-18T05:48:11","modified_gmt":"2019-10-18T05:48:11","slug":"narag-access-pvt-ltd-v-dcit-mumtrib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/narag-access-pvt-ltd-v-dcit-mumtrib-www-itatonline-org\/","title":{"rendered":"Narag Access Pvt. Ltd. v. DCIT (Mum)(Trib), www.itatonline.org"},"content":{"rendered":"<p><strong>Allowing the appeal of the assesee the Tribunal held that ,the assessee has the option to determine the fair market value of shares either under the DCF method or the NAV method. The assessee&#8217;s choice is binding on the AO. While the AO can scrutinize the working, he cannot discard the assessee&#8217;s method and substitute another method (Vodafone M-Pesa Ltd vs. PCIT [2018] 92 taxmann.com 73 (Bom) referred) followed\u00a0 Rameshwaram Strong Glass (P) Ltd v ITO\u00a0 (2018) 172 ITD\u00a0 571 (Jaipur ) (Trib) DCIT v OZoneland Agro Pvt Ltd (Mum) (Trib)<\/strong><a href=\"http:\/\/www.itatonline.org\/\">www.itatonline.org<\/a><strong>\u00a0 Medplus Health v ITO ( ITA No 871 \/Hyd \/2015\u00a0 , Regal Builtech Pvt Ltd v ACIT ( 7505\/ Del\/ 2018). <\/strong><strong>\u00a0<\/strong>( ITA No. 3521\/Mum\/2018, dt. 22.08.2019)(AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources &#8211; The assessee has the option to determine the fair market value of shares either under the Discounted cash Flow ( DCF)  method or the Net Asset Valuation ( NAV)  method.    [56(2)(viib ),  R. 11UA ]<\/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-7905","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-23v","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7905","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=7905"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7905\/revisions"}],"predecessor-version":[{"id":7906,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/7905\/revisions\/7906"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=7905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=7905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=7905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}