https://www.taxtmi.com/highlights?id=46534 Taxability of shares premium u/s 56(2)(viib) - AO was required to undertake the exercise of fact finding by determining the FMV of the Shares in question as per Explanation to Section 56(2)(viib) - remanded back to AO because such exercise not having been done - the Assessee will be free to raise all factual and legal contentions including treating said amount as 'gift' from mother to daughter. en-us Thu, 16 May 2019 08:03:49 +0530 Wed, 15 May 2019 17:51:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=46534 Taxability of shares premium u/s 56(2)(viib) - AO was required to undertake the exercise of fact finding by determining the FMV of the Shares in question as per Explanation to Section 56(2)(viib) - remanded back to AO because such exercise not having been done - the Assessee will be free to raise all factual and legal contentions including treating said amount as 'gift' from mother to daughter. Highlights Income Tax Thu, 16 May 2019 08:03:49 +0530 https://www.taxtmi.com/highlights?id=46534