https://www.taxtmi.com/highlights?id=51456 Valuation of shares invoking Rule 11UA and resultant addition made u/sec. 56(2)(vii)(c)(ii) - difference in FMV of the shares and the consideration paid by the assessee - whatever the shares allotted to the assessee was from the interest of his brother who is a close relative - there is no case for making any addition for allotment of shares. en-us Tue, 28 Jan 2020 09:17:14 +0530 Tue, 28 Jan 2020 09:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51456 Valuation of shares invoking Rule 11UA and resultant addition made u/sec. 56(2)(vii)(c)(ii) - difference in FMV of the shares and the consideration paid by the assessee - whatever the shares allotted to the assessee was from the interest of his brother who is a close relative - there is no case for making any addition for allotment of shares. Highlights Income Tax Tue, 28 Jan 2020 09:17:14 +0530 https://www.taxtmi.com/highlights?id=51456