https://www.taxtmi.com/highlights?id=62280 Addition u/s 56(2)(vii)(b) - alleged excess value of unquoted equity shares - In the absence of any defect in the valuation of shares arrived by the assessee on the basis of DCF method, impugned addition as made on the basis of net asset value method is liable to be deleted. The rejection is unjustified as the valuation report is required under Rule 11UA of The Income Tax rules is based on the future aspects of the company at the time of issuing the shares, it may vary from the actual figures depending on the market condition at the present point of the time. - AT en-us Fri, 04 Mar 2022 08:58:36 +0530 Fri, 04 Mar 2022 08:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62280 Addition u/s 56(2)(vii)(b) - alleged excess value of unquoted equity shares - In the absence of any defect in the valuation of shares arrived by the assessee on the basis of DCF method, impugned addition as made on the basis of net asset value method is liable to be deleted. The rejection is unjustified as the valuation report is required under Rule 11UA of The Income Tax rules is based on the future aspects of the company at the time of issuing the shares, it may vary from the actual figures depending on the market condition at the present point of the time. - AT Highlights Income Tax Fri, 04 Mar 2022 08:58:36 +0530 https://www.taxtmi.com/highlights?id=62280