https://www.taxtmi.com/caselaws?id=415673 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 2,72,22,105 under section 56(2)(viib) of the Income Tax Act, 1961. The Tribunal found that the Assessing Officer misinterpreted the valuation of shares and disregarded substantial evidence presented by the assessee, including a government-approved valuer's report. The order was issued on 04.10.2021. en-us Mon, 04 Oct 2021 00:00:00 +0530 Sat, 11 Dec 2021 09:25:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415673 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the addition of Rs. 2,72,22,105 under section 56(2)(viib) of the Income Tax Act, 1961. The Tribunal found that the Assessing Officer misinterpreted the valuation of shares and disregarded substantial evidence presented by the assessee, including a government-approved valuer's report. The order was issued on 04.10.2021. Case-Laws Income Tax Mon, 04 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415673