Valuation of shares following Discounted Cash Flow Method should be accepted

DCIT Vs HolisolLogistrics P. Ltd. (ITAT Delhi) ITAT Delhi held that assessee has option to choose any of the method i.e., ‘book value method’ or ‘discounted cash flow method’ to the Assessee for determining the value of its shares. The valuation so arrived by the expert under Discounted Cash Flow Method providing necessary basis of computation of projection needs to be accepted. Facts- The Assessee adopted the DCF method on the basis of report determining the fair market value by Accountant as per the discounted free cash flow method. While perusing the said report, the Assessing Offic...