https://www.taxtmi.com/caselaws?id=376251 The appeal was against the taxation of excess share premium under section 56(2)(viib) of the Income-tax Act, 1961. The tribunal directed a fresh decision on the applicable valuation rule and the quantum of permissible share premium based on the type of shares issued. The tribunal emphasized the importance of establishing a scientific basis for projections used in valuation and criticized the disregard of the appellant's chosen valuation method without valid reasoning. The tribunal allowed the appeal for statistical purposes and directed a reevaluation of the valuation methodology and quantum of permissible share premium based on a thorough examination of the type of shares issued. en-us Fri, 21 Dec 2018 00:00:00 +0530 Wed, 06 Mar 2019 06:21:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376251 The appeal was against the taxation of excess share premium under section 56(2)(viib) of the Income-tax Act, 1961. The tribunal directed a fresh decision on the applicable valuation rule and the quantum of permissible share premium based on the type of shares issued. The tribunal emphasized the importance of establishing a scientific basis for projections used in valuation and criticized the disregard of the appellant's chosen valuation method without valid reasoning. The tribunal allowed the appeal for statistical purposes and directed a reevaluation of the valuation methodology and quantum of permissible share premium based on a thorough examination of the type of shares issued. Case-Laws Income Tax Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376251