Gift Tax-Method of valuation-Rule 10(2).

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..... bility of unquoted equity shares while valuing them for the purpose of Estate Duty assessements. It had been laid down in the said circular that- i) Where the value of a share is determined by the break-up method no discount for restrictions regarding alienation should be given. ii) In the case of investment and holding companies the break-up method of valuation is found unsuitable for estate .....

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