Addition u/s. 56(2)(viib) - differential value of shares - It is ...

Assessee's Freedom to Choose Share Valuation Method u/s 56(2)(viib) Upheld; Revenue Cannot Impose Alternatives.

July 17, 2020

Case Laws Income Tax AT

Addition u/s. 56(2)(viib) - differential value of shares - It is the prerogative and privilege of the assessee to adopt one method and once the assessee has chosen discounted cash flow method for valuing its shares then the AO or any other revenue authorities cannot compel the assessee to adopt another method i.e. book value method.

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Addition u/s. 56(2)(viib) - differential value of shares - It is ...

Assessee's Freedom to Choose Share Valuation Method u/s 56(2)(viib) Upheld; Revenue Cannot Impose Alternatives.

July 17, 2020

Case Laws Income Tax AT

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