Valuation of the shares - there cannot be any scope of introduction of assessee’s unaccounted income...

Valuation of the shares - there cannot be any scope of introduction of assessee’s unaccounted income through allotment of shares at unreasonably high priced shares. Therefore, observations of the AO is not relevant and a mere suspicion. - AO is not permitted to interfere in the valuation, once done in accordance with the method prescribed in the Rule 11UA(2). .....

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