https://www.taxtmi.com/caselaws?id=305771 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO under section 56(2)(viib), affirming that the provision could not be applied retrospectively and that the share premium valuation was justified. The appeals filed by the Revenue for both assessment years were dismissed. en-us Wed, 22 Jun 2022 00:00:00 +0530 Thu, 22 Dec 2022 21:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305771 The Tribunal upheld the CIT(A)'s decision to delete the additions made by the AO under section 56(2)(viib), affirming that the provision could not be applied retrospectively and that the share premium valuation was justified. The appeals filed by the Revenue for both assessment years were dismissed. Case-Laws Income Tax Wed, 22 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305771