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2020 (10) TMI 454 - AT - Income TaxAddition of excess share premium u/s 56(2)(viib) - assessee has followed “Discounted Cash Flow” method (DCF Method) for determining the share price - A.O. did not examine the workings given in the valuation report prepared u/s DCF method - Whether AO cannot change the method of valuation and he has follow DCF method only? - HELD THAT:- The facts are identical in the instant cases, i.e., the AO has proceeded to determine the value of shares in both the years by adopting different method without scrutinizing the valuation report furnished by the assessee under DCF method. Accordingly, following the decisions rendered by the co-ordinate benches, we set aside the orders passed by Ld CIT(A) in both the years and restore the impugned issue in both the years to the file of the AO with the direction to examine this afresh as per the directions given by the co-ordinate bench in the case of Innoviti Payment Solutions P Ltd [2019 (1) TMI 688 - ITAT BANGALORE] -Appeals of the assessee are treated as allowed for statistical purposes.
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