https://www.taxtmi.com/caselaws?id=427132 The Tribunal allowed the appeals filed by the assessee, setting aside the order passed under Section 263 by the PCIT. The Tribunal held that the valuation of shares was correctly done as per Rule 11UA, and the PCIT's invocation of Section 263 was contrary to statutory provisions. Additionally, the assessment proceedings under Section 153A were deemed valid in the absence of incriminating material. en-us Tue, 30 Aug 2022 00:00:00 +0530 Fri, 02 Sep 2022 08:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427132 The Tribunal allowed the appeals filed by the assessee, setting aside the order passed under Section 263 by the PCIT. The Tribunal held that the valuation of shares was correctly done as per Rule 11UA, and the PCIT's invocation of Section 263 was contrary to statutory provisions. Additionally, the assessment proceedings under Section 153A were deemed valid in the absence of incriminating material. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427132