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Addition u/s 56(2)(viib) - shares of closely held company -...

Share Valuation in Closely Held Companies Must Include Multiple Factors Beyond Financials u/s 56(2)(viib.

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Income Tax October 5, 2019 Case Laws AT
Addition u/s 56(2)(viib) - shares of closely held company - valuation of the shares should be made on the basis of various factors and not merely on the basis of financials and the substantiation of the fair market value on the basis of the valuation done by the assessee simply cannot be rejected.

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Acts Income Tax