Addition u/s 56(2)(viib) - issue of shares at premium - working ...

Income Tax

February 19, 2024

Addition u/s 56(2)(viib) - issue of shares at premium - working of fair market value as per 11UA(2)(a) - The ITAT observed that Rule 11UA(2) provides an option to the company to select any method for determining the valuation of unquoted equity shares. The AO's action to shift from the DCF method to the ALV method without verifying the correctness of the projected figures was found not tenable.

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Addition u/s 56(2)(viib) - issue of shares at premium - working ...

Income Tax

February 19, 2024

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