TMI BlogAddition u/s 56 (2) (viib) - issue of shares that exceeds the face value - Both these methods have...Addition u/s 56 (2) (viib) - issue of shares that exceeds the face value - Both these methods have different approaches and methodologies therefore there are bound to be differences, but it does not give any authority to the learned assessing officer to pick and choose one of the method and make the addition. It is the assessee who has to exercise one of the options available under the provisions of the law for valuing the shares. The learned assessing officer needs to examine that method. Natur..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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