https://www.taxtmi.com/caselaws?id=369327 The Tribunal ruled in favor of the appellant, finding that the revision under section 263 was invalid as the provisions of section 56(2)(viib) were not applicable. The Tribunal deemed the directive for further enquiry into the valuation of the premium on shares unnecessary and quashed the order under section 263. Consequently, the appellant's appeal was allowed. en-us Mon, 22 Oct 2018 00:00:00 +0530 Thu, 25 Oct 2018 08:45:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369327 The Tribunal ruled in favor of the appellant, finding that the revision under section 263 was invalid as the provisions of section 56(2)(viib) were not applicable. The Tribunal deemed the directive for further enquiry into the valuation of the premium on shares unnecessary and quashed the order under section 263. Consequently, the appellant's appeal was allowed. Case-Laws Income Tax Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369327