https://www.taxtmi.com/caselaws?id=409254 The Tribunal ruled in favor of the assessee, holding that the appointed date of 01.04.2013, as per the scheme approved by the High Court, was the correct valuation date for share issuance. The Tribunal found the assessee's valuation based on this date appropriate, leading to the deletion of the addition made under Section 56(2)(viib) of the Income Tax Act. Other issues raised by the assessee were not addressed as the valuation date discrepancy was determinative. en-us Thu, 01 Jul 2021 00:00:00 +0530 Sat, 03 Jul 2021 08:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409254 The Tribunal ruled in favor of the assessee, holding that the appointed date of 01.04.2013, as per the scheme approved by the High Court, was the correct valuation date for share issuance. The Tribunal found the assessee's valuation based on this date appropriate, leading to the deletion of the addition made under Section 56(2)(viib) of the Income Tax Act. Other issues raised by the assessee were not addressed as the valuation date discrepancy was determinative. Case-Laws Income Tax Thu, 01 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409254