Dispute Over Share Valuation Method Under Income Tax Act Section 56(2)(viib); AO's Approach Criticized for Inaccuracy.

Addition u/s 56(2)(viib) - Method of valuation of share - The AO or Ld. CIT(A) is trying to evaluate the accuracy of the valuation at the time of assessment, this is not proper and also the factuals are based on so many factors subsequent to adoption of projection and valuation. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X