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2018 (8) TMI 649 - AT - Income TaxRectification of order - recalling of earlier order - Additions u/s 56(2)(viib) - valuation of fair market value of the shares - Held that:- there is an error apparent on record for not adjudicating the issue of valuation in terms of Clause(ii) of Explanation (a) to Section 56(2)(viib) of the Act. Accordingly, we recall the impugned order for the limited purpose of considering and adjudication of issue of valuation in terms of Clause (ii) of Explanation (a) to Section 56(2)(viib) of the Act. The appeal of the assessee is directed to be listed for hearing and adjudication of the particular issue on 10/09/2018. The parties be informed. Misc. application of the assessee is allowed.
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