With Effect From 01.04.2018 and shall apply to assessment year 2018-19 & subsequent years.
Source
http://taxguru.in/income-tax/final-rules-valuation-unquoted-equity-shares.html
also
http://taxguru.in/income-tax/cbdt-notifies-rules-to-determine-of-fair-market-value-of-unquoted-shares.html
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