https://www.taxtmi.com/highlights?id=57837 Addition u/s 56(2)(vii)(b) - In this case, the Assessing Officer has not found any specific fault in rejecting or not satisfying with the valuation made by the assessee. When the Assessing Officer has not found any defect or error in the valuation of shares by the assessee company, it may not be necessary to apply the method of valuation prescribed under Rule 11UA of the I.T. Rules - AT en-us Tue, 04 May 2021 11:21:56 +0530 Tue, 04 May 2021 11:21:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57837 Addition u/s 56(2)(vii)(b) - In this case, the Assessing Officer has not found any specific fault in rejecting or not satisfying with the valuation made by the assessee. When the Assessing Officer has not found any defect or error in the valuation of shares by the assessee company, it may not be necessary to apply the method of valuation prescribed under Rule 11UA of the I.T. Rules - AT Highlights Income Tax Tue, 04 May 2021 11:21:56 +0530 https://www.taxtmi.com/highlights?id=57837