Supreme Court · 1972 INSC 219 · Decided 13 September 1972
Commissioner of Wealth Tax v. Mahadeo Jalan & Mahabir Prasad Jalan
- Court
- Supreme Court of India
- Citation
- 1972 INSC 219 · [1973] 2 S.C.R. 215
- Case number
- CIVIL APPEAL No. 1135/1969
- Decided
- 13 September 1972
- Bench
- P. JAGANMOHAN REDDY, HANS RAJ KHANNA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
E , G H 215 COMMISSIONER OF WEALTH TAX v. MAHADEO JALAN & MAHABIR PRASAD JALAN September 13, 1972 [P JAGANMOHAN RE!>DY AND ~- R. KHANNA, JJ.) Wtalth Tax Act, 1957-Section 7-Basis of valuation of shares in Private Limite«. Companies. On the que•tion a.~ to what is the basis of basis- of average maintainable profits, subject to adjustment etc. which the circumstances of any parti~ular case may call for. An examination of the various aspects of valuation of shares in a limited company would lead to the followin~ conclusions :- (a) Where the shares tn a public limited
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