Assessing Officer's Excess Share Premium Addition Deemed Unjustified Under Sec 56(2)(vii); Shares Sold Higher Next Year.

Addition u/s 56(2)(vii) on account of alleged excess share premium - AO on account of alleged excess share premium is unjustified when those very shares are sold in next financial year at much higher amount after proper due diligence, that to a non resident buyer .....

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