https://www.taxtmi.com/highlights?id=54363 Income from other sources - Addition u/s.56(2)(viib) - The revenue authorities cannot force the assessee to adopt particular method for valuing the fair market value of the share especially when Rule 11UA(1)(c)(b) provides that it is the option of the assessee to chose any method either discounted or book value method for estimating the fair market value of the shares issued by it during the relevant financial period. - AT en-us Mon, 17 Aug 2020 11:07:38 +0530 Mon, 17 Aug 2020 11:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54363 Income from other sources - Addition u/s.56(2)(viib) - The revenue authorities cannot force the assessee to adopt particular method for valuing the fair market value of the share especially when Rule 11UA(1)(c)(b) provides that it is the option of the assessee to chose any method either discounted or book value method for estimating the fair market value of the shares issued by it during the relevant financial period. - AT Highlights Income Tax Mon, 17 Aug 2020 11:07:38 +0530 https://www.taxtmi.com/highlights?id=54363