https://www.taxtmi.com/caselaws?id=419170 The Tribunal allowed the appeal of the assessee, holding that the AO and CIT(A) were not justified in rejecting the DCF valuation report and making an addition under section 56(2)(vii)(b) of the Income-tax Act. The Tribunal emphasized that the valuation method chosen by the assessee should be respected unless specific defects are identified. The appeal was allowed, and the addition was deleted. en-us Fri, 28 Jan 2022 00:00:00 +0530 Fri, 04 Mar 2022 08:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419170 The Tribunal allowed the appeal of the assessee, holding that the AO and CIT(A) were not justified in rejecting the DCF valuation report and making an addition under section 56(2)(vii)(b) of the Income-tax Act. The Tribunal emphasized that the valuation method chosen by the assessee should be respected unless specific defects are identified. The appeal was allowed, and the addition was deleted. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419170