TMI BlogAddition u/s 56(2) (viib) - shares issued to NRI mainly to encourage Foreign Investments - valuation of...Addition u/s 56(2) (viib) - shares issued to NRI mainly to encourage Foreign Investments - valuation of shares in compliance to Rule 11U - there is no finding of AO or CIT(A) on this aspect as to whether the said person from whom the amount in question was received by the assessee company was a resident in India or not in the present year. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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