https://www.taxtmi.com/caselaws?id=362813 The Tribunal remanded the case back to the Assessing Officer for a fresh examination, directing a determination of the correct value of shares and corresponding income. The Tribunal emphasized the importance of substantiating share premium valuations with credible evidence and prescribed methods, ensuring compliance with statutory requirements. The assessee was granted an opportunity to present its case in light of discrepancies in share valuations and methods applied, with the Tribunal allowing the corresponding grounds for statistical purposes. en-us Thu, 28 Jun 2018 00:00:00 +0530 Wed, 04 Jul 2018 09:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362813 The Tribunal remanded the case back to the Assessing Officer for a fresh examination, directing a determination of the correct value of shares and corresponding income. The Tribunal emphasized the importance of substantiating share premium valuations with credible evidence and prescribed methods, ensuring compliance with statutory requirements. The assessee was granted an opportunity to present its case in light of discrepancies in share valuations and methods applied, with the Tribunal allowing the corresponding grounds for statistical purposes. Case-Laws Income Tax Thu, 28 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362813