https://www.taxtmi.com/caselaws?id=431063 The Tribunal upheld the addition of Rs. 8.05 Cr made by the Assessing Officer under Section 56(2)(viib) of the Income Tax Act, as the share premium received was deemed to exceed the fair market value of the shares. The Tribunal reversed the decision of the CIT(A), dismissing the cross-objection filed by the assessee and allowing the Revenue's appeal. en-us Wed, 30 Nov 2022 00:00:00 +0530 Tue, 21 Jul 2026 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431063 The Tribunal upheld the addition of Rs. 8.05 Cr made by the Assessing Officer under Section 56(2)(viib) of the Income Tax Act, as the share premium received was deemed to exceed the fair market value of the shares. The Tribunal reversed the decision of the CIT(A), dismissing the cross-objection filed by the assessee and allowing the Revenue's appeal. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431063