https://www.taxtmi.com/caselaws?id=427157 The Tribunal ruled in favor of the assessee for both AY 2009-10 and AY 2010-11. It held that the premium on redemption of preference shares should not be treated as deemed dividend and that the valuation of preference shares should consider the guideline value of land and building. Consequently, the additions made by the TPO and CIT(A) were deleted, and the appeals were allowed in favor of the assessee. en-us Wed, 24 Aug 2022 00:00:00 +0530 Fri, 02 Dec 2022 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427157 The Tribunal ruled in favor of the assessee for both AY 2009-10 and AY 2010-11. It held that the premium on redemption of preference shares should not be treated as deemed dividend and that the valuation of preference shares should consider the guideline value of land and building. Consequently, the additions made by the TPO and CIT(A) were deleted, and the appeals were allowed in favor of the assessee. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427157