INCOME TAX : Where assessee-company determined FMV of shares issued at premium on basis of discount cash flow (DCF) method and Assessing Officer changed same to net value added (NVA) method on ground that assessee’s actual revenue varied from its projected revenue adopted for applying DCF method, since such variation between value of projected revenue and actual revenue was marginal and, further, there was no material to hold that assessee’s projected revenue was fabricated, impugned change of mINCOME TAX : Where assessee-company determined FMV of shares issued at premium on basis of discount cash flow (DCF) method and Assessing Officer changed same to net value added (NVA) method on ground that assessee’s actual revenue varied from its projected revenue adopted for applying DCF method, since such variation between value of projected revenue and actual revenue was marginal and, further, there was no material to hold that assessee’s projected revenue was fabricated, impugned change of mwww.taxmann.com Latest Case LawsRead More
