ITAT: Fair value, not book value relevant for share-valuation under second limb of Sec. 56(2)(viib) Explanation (a)


Conclusion

Delhi ITAT sets aside CIT(A)'s order sustaining Sec. 56(2)(viib) addition with respect to shares issued at a premium by assessee co. during AY 2014-15, rejects Revenue's FMV comput...

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