COMMISSIONER OF WEALTH TAX versus KANCHAN BAI BADER
The evidence of the burden on the value of the stock has not been the basis for determining the market value of the export invoice value stock to prove that the market value of the closing shares has exceeded 20%. The justification for holding a fair market value can be deducted by 35% from the closing stock export invoice value. If there was a difference of less than 20% in the declared value and fair market value, the Tribunal justified that R 2 B (2) did not apply. Indian Indian Taxes Act, 1957, Section 27 Indian Wealth Tax Rules 1957, R2B (2) was born
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