https://www.taxtmi.com/caselaws?id=375843 The Tribunal directed the Assessing Officer to reexamine the justification of share premium in accordance with Rule 11U and 11UA, giving the appellant a reasonable opportunity to be heard. The issue of share premium was restored to the Assessing Officer's files for proper examination as per the prescribed procedures, considering the crystallization of the transaction during the relevant assessment year. The appeal was treated as allowed for statistical purposes, and the stay petition became unnecessary following the decision on the appeal. en-us Mon, 25 Feb 2019 00:00:00 +0530 Tue, 26 Feb 2019 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375843 The Tribunal directed the Assessing Officer to reexamine the justification of share premium in accordance with Rule 11U and 11UA, giving the appellant a reasonable opportunity to be heard. The issue of share premium was restored to the Assessing Officer's files for proper examination as per the prescribed procedures, considering the crystallization of the transaction during the relevant assessment year. The appeal was treated as allowed for statistical purposes, and the stay petition became unnecessary following the decision on the appeal. Case-Laws Income Tax Mon, 25 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375843