https://www.taxtmi.com/caselaws?id=380224 The Tribunal's decision to delete the addition made under Section 56(2)(viib) in favor of the Assessee company was upheld by the Court. The Court emphasized the need for the Assessing Authority to determine the Fair Market Value before applying Section 56(2)(viib) and remanded the case for further examination without expressing any opinion on the case's merits. en-us Thu, 04 Apr 2019 00:00:00 +0530 Fri, 13 Aug 2021 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380224 The Tribunal's decision to delete the addition made under Section 56(2)(viib) in favor of the Assessee company was upheld by the Court. The Court emphasized the need for the Assessing Authority to determine the Fair Market Value before applying Section 56(2)(viib) and remanded the case for further examination without expressing any opinion on the case's merits. Case-Laws Income Tax Thu, 04 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380224