Market value of unquoted equity shares of companies other than investment companies and managing agency companies

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..... 1-4-1989.] ---------------------- Notes:- 1. Before omission rule 1D it was read as under : The market value of an unquoted equity share of any company, other than an investment company or a managing agency company, shall be determined as follows : The value of all the liabilities as shown in the balance sheet of such company shall be deducted from the value .....

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..... rket value of such share shall be as indicated in the Table below : THE TABLE Number of accounting years ending on the valuation date or in a case where the accounting year does not end on the valuation date, the number of accounting years ending on a date, immediately preceding the valuation date, for which no dividend has been paid Market Value 1 2 Thr .....

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..... nt paid as advance tax under section 18A of the Indian Income-tax Act, 1922 (11 of 1922), or under section 210 of the Income-tax Act, 1961 (43 of 1961); (b) any amount shown in the balance sheet including the debit balance of the profit and loss account or the profit and loss appropriation account which does not represent the value of any asset ; (ii) the following a .....

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