TMI BlogTaxability of share premium collected by assessee u/s.56(2)(viib) - fair market value of shares - when...Taxability of share premium collected by assessee u/s.56(2)(viib) - fair market value of shares - when the assessee has substantiated share price to the satisfaction of the AO with the help of valuation report, even if, such valuation report is obtained subsequent to the date of issue of shares, it does not alter the situation. Assessing Officer as well as learned CIT(A) were erred in rejecting valuation report filed by assessee on this count. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
