Applicability of section 56(2)(viib) clarified: DPIIT recognized startups' share premium not scrutinised in limited assessments. The circular instructs that where a DPIIT recognized startup is selected under limited scrutiny solely on applicability of section 56(2)(viib), Assessing Officers shall not verify that issue and shall accept the startup's contention; where such recognition exists but scrutiny includes other issues, clause (viib) shall not be pursued and other inquiries may proceed only after supervisory approval; for unrecognized startups, verification on clause (viib) or other issues requires supervisory approval and adherence to due procedure under the Income tax Act.