https://www.taxtmi.com/caselaws?id=397147 The Tribunal allowed the Assessee's appeal, directing the AO to delete the additions made under Section 56(2)(viib) of the Income-tax Act, 1961. The Tribunal held that the AO exceeded his jurisdiction by rejecting the Discounted Free Cash Flow (DCF) Method chosen by the Assessee for share valuation, emphasizing that the method should not be disregarded based on subsequent non-achievement of projections. The decision highlighted that the AO cannot arbitrarily change the valuation method prescribed by the Assessee, as supported by legal precedents. en-us Tue, 28 Jul 2020 00:00:00 +0530 Thu, 06 Aug 2020 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397147 The Tribunal allowed the Assessee's appeal, directing the AO to delete the additions made under Section 56(2)(viib) of the Income-tax Act, 1961. The Tribunal held that the AO exceeded his jurisdiction by rejecting the Discounted Free Cash Flow (DCF) Method chosen by the Assessee for share valuation, emphasizing that the method should not be disregarded based on subsequent non-achievement of projections. The decision highlighted that the AO cannot arbitrarily change the valuation method prescribed by the Assessee, as supported by legal precedents. Case-Laws Income Tax Tue, 28 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397147