25 October 2008
AN INDIVIDUAL IS VALUING SHAREs AT "LOWER OF COST OR MARKET VALUE SCRIP VISE". THE ASSESSING OFFICER HAS RAISED OBJECTION AND WANT TO VALUE SHRES ON " LOWER OF COST OR MARKET VALUE ON GROSS BASIS" THOUGH AS -13 " VALUATION OF INVESTMENTS CLEARLY STATES CURRENT INVESTMENT VALUATION IS TO BE DONE ON INDIVIDUAL BASIS. THE OFFICER HAS ASKED FOR ANY CASE LAW ON THE MATTER .
IF ANY BODY CAN HELP ME IN THIS MATTER--- THANKS AND REGARDS ---singh_v_b@hotmail.com--
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