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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Addition u/s 56(2)(viib) - Method of valuation of share - The AO ...


Dispute Over Share Valuation Method Under Income Tax Act Section 56(2)(viib); AO's Approach Criticized for Inaccuracy.

January 18, 2020

Case Laws     Income Tax     AT

Addition u/s 56(2)(viib) - Method of valuation of share - The AO or Ld. CIT(A) is trying to evaluate the accuracy of the valuation at the time of assessment, this is not proper and also the factuals are based on so many factors subsequent to adoption of projection and valuation.

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