Addition u/s 56 - addition in respect of allocation of 1,03,000 ...

Case Laws Income Tax

May 14, 2022

Addition u/s 56 - addition in respect of allocation of 1,03,000 rights shares - valuation - since the shares were allotted before Balance Sheet for AY 2013-14 was finalized, in our view Ld. CIT(Appeals) has not erred in computing the FMV per share considering the previous balance sheet which was approved in the AGM for valuation of FMV of the shares. - AT

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Addition u/s 56 - addition in respect of allocation of 1,03,000 ...

Case Laws Income Tax

May 14, 2022

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