Valuation of shares - addition u/s 56(2)(viib) - share allotted ...

Court Rules Against Retrospective Application of Rule 11UA for Share Valuation u/s 56(2)(viib) of Income Tax Act.

April 30, 2019

Case Laws Income Tax AT

Valuation of shares - addition u/s 56(2)(viib) - share allotted prior to insertion of provision of section 56 (2)(viib) and the prescribed method of rule 11U and 11UA was notified - it would implausible to hold that the Valuation report of the independent Valuer is not correct, since method adopted by him is not in accordance with 11UA

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Valuation of shares - addition u/s 56(2)(viib) - share allotted ...

Court Rules Against Retrospective Application of Rule 11UA for Share Valuation u/s 56(2)(viib) of Income Tax Act.

April 30, 2019

Case Laws Income Tax AT

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