Addition u/s 56(2)(vii)(c) - determination of FMV of shares - ...

Court Rules on Share Valuation: Use Balance Sheet as of Valuation Date u/s 56(2)(vii)(c) Income Tax Act.

October 27, 2018

Case Laws Income Tax AT

Addition u/s 56(2)(vii)(c) - determination of FMV of shares - drawing up a balance sheet as on valuation date or previous audited balance sheet is to be taken as the base - there was nothing preventing the appellant from drawing up the balance sheet of GEPL as on that date for the limited purpose.

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Addition u/s 56(2)(vii)(c) - determination of FMV of shares - ...

Court Rules on Share Valuation: Use Balance Sheet as of Valuation Date u/s 56(2)(vii)(c) Income Tax Act.

October 27, 2018

Case Laws Income Tax AT

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