Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
AO cannot Reject DCF Method For CCPS Valuation if it is made under Rule 11UA: ITAT deletes Addition
Income TaxValuation
The Income Tax Appellate Tribunal (ITAT) ruled that an Assessing Officer (AO) cannot reject the Discounted Cash Flow (DCF) method for valuing Compulsorily Convertible Preference Shares (CCPS) if the valuation is made in accordance with Rule 11UA of the Income Tax Rules. The tribunal deleted the addition made by the AO, reinforcing the validity of the DCF method under prescribed rules.
