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Introducing the “In Favour Of” filter in Case Laws.
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of Addition u/s 56 (2)(viib) - Valuation of shares - Faire Market Value (FMV) - the assessee has himself filed a valuation certificate before AO and accepted fair market value at Rs. 19.23 per share, hence the assessee does not have any dispute, quarrel or grievance qua the fair market value. Therefore, AO has rightly arrived at the difference by finding difference of issue price and fair market value and thereby made addition. - AT
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