https://www.taxtmi.com/highlights?id=53984 Addition u/s 56(2) (viib) - shares issued to NRI mainly to encourage Foreign Investments - valuation of shares in compliance to Rule 11U - there is no finding of AO or CIT(A) on this aspect as to whether the said person from whom the amount in question was received by the assessee company was a resident in India or not in the present year. en-us Sat, 11 Jul 2020 11:50:14 +0530 Sat, 11 Jul 2020 11:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53984 Addition u/s 56(2) (viib) - shares issued to NRI mainly to encourage Foreign Investments - valuation of shares in compliance to Rule 11U - there is no finding of AO or CIT(A) on this aspect as to whether the said person from whom the amount in question was received by the assessee company was a resident in India or not in the present year. Highlights Income Tax Sat, 11 Jul 2020 11:50:14 +0530 https://www.taxtmi.com/highlights?id=53984