Income Tax Act: Dispute Over Unexplained Cash Credits in Share Transactions and Rejected DCF Valuation.

Addition u/s 68 or 56(2) - Unexplained cash credit u/s 68 - share transactions - the valuation aspect of the shares is made on the Discounted cash flow method (DCF) and these facts are mentioned by the A.O. and it clearly indicates that the assessee has submitted the working of cash flow statement for F.Y 2014-15 to 2018-19 and the AO has not made adverse comments that the cash flow statements are false and not in accordance with the accounting principles. - the rejection of valuation of shares as per the DCF method is also without any evidence on record. - AT .....

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