https://www.taxtmi.com/caselaws?id=405131 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition made under Section 56(2)(viib) of the Income Tax Act. The appeal by the assessee was allowed, emphasizing the importance of following the statutory procedure for valuation of shares as per Rule 11UA. en-us Fri, 12 Feb 2021 00:00:00 +0530 Wed, 08 Jul 2026 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405131 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the addition made under Section 56(2)(viib) of the Income Tax Act. The appeal by the assessee was allowed, emphasizing the importance of following the statutory procedure for valuation of shares as per Rule 11UA. Case-Laws Income Tax Fri, 12 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405131