The Assessing Officer (AO) had rejected the fair market value (FMV) determined using the Discounted Cash Flow (DCF) method and instead applied the Net Asset Value (NAV) method, resulting in an ...

Mumbai has upheld the order of the Commissioner of Income Tax (Appeals) [CIT (A)] in the case of ACIT vs. Jamnagar Utilities and Power Pvt. Ltd., allowing deduction under Section 80G for Corporate ...