TMI BlogRevision u/s 263 - Addition u/s 56(2)(viib) for the excess share issue price - the AO has conducted...Revision u/s 263 - Addition u/s 56(2)(viib) for the excess share issue price - the AO has conducted sufficient inquiry by calling all necessary details and information and accepted the genuineness of the said transactions after being satisfied with the identity, creditworthiness and genuineness of the shareholders and examining fair market value of the equity shares issued. Under these given facts and circumstances wherein neither the order of the Assessing Officer is erroneous nor it is prejudi..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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