Enhancement of income by CIT(A) - Valuation of the shares as per ...

Case Laws Income Tax

June 23, 2023

Enhancement of income by CIT(A) - Valuation of the shares as per Rule 11UA - Additions u/s 56(2)(viib) - Determination of Consideration received for such shares in exceeds the fair market value of the shares (FMV) - the CIT(A) have committed an error in rejected the valuation done by the assessee from prescribed expert as per the prescribed method, which ultimately resulted in enhancement of income of the Assessee u/s 251(1) of the Act - Additions deleted - AT

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Enhancement of income by CIT(A) - Valuation of the shares as per ...

Case Laws Income Tax

June 23, 2023

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