https://www.taxtmi.com/caselaws?id=389106 The Tribunal found the rejection of the Discounted Cash Flow (DCF) valuation method by the Assessing Officer (AO) improper. The independent valuation report was deemed just and fair, leading to the deletion of the addition of Rs. 107,40,00,000/- under Section 56(2)(viia) of the Income Tax Act, in favor of the assessee. The appeal was allowed, and the order was pronounced on October 16, 2019. en-us Wed, 16 Oct 2019 00:00:00 +0530 Sat, 30 Nov 2019 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389106 The Tribunal found the rejection of the Discounted Cash Flow (DCF) valuation method by the Assessing Officer (AO) improper. The independent valuation report was deemed just and fair, leading to the deletion of the addition of Rs. 107,40,00,000/- under Section 56(2)(viia) of the Income Tax Act, in favor of the assessee. The appeal was allowed, and the order was pronounced on October 16, 2019. Case-Laws Income Tax Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389106