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Madras HC: Rule 11UA Allows CA Valuation; AO Cannot Substitute Comparable Price

18 Aug 2026 · 18 Aug 2026By CA Vijayakumar Shetty

Madras HC upholds Rule 11UA CA valuation of unquoted preference shares and rejects AO’s use of an isolated transaction price as FMV. The post Madras HC: Rule 11UA Allows CA Valuation; AO Cannot Substitute Comparable Price appeared first on TaxGuru .

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