Addition u/s 56(2)(viib) - shares being issued at excessive rate ...

Tax Additions Unjustified for Share Premiums Based on Recognized Valuation Methods Without Evidence of Manipulation.

January 29, 2024

Case Laws Income Tax AT

Addition u/s 56(2)(viib) - shares being issued at excessive rate - When shares are issued at a premium by a subsidiary to its holding company, based on a recognized valuation method like the Discounted Cash Flow, additions under Section 56(2)(viib) are not justified unless there is evidence of unaccounted money or manipulation. - AT

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Addition u/s 56(2)(viib) - shares being issued at excessive rate ...

Tax Additions Unjustified for Share Premiums Based on Recognized Valuation Methods Without Evidence of Manipulation.

January 29, 2024

Case Laws Income Tax AT

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