https://www.taxtmi.com/caselaws?id=433286 ITAT, Mumbai upheld an addition under section 56(2)(viib) where four resident allottees paid excess consideration over the DCF-based fair market value of Rs.341 per share; one non-resident allottee was excluded from the provision. The Tribunal found no dispute on the valuation report and treated the excess receipt (Rs.59 per share) as income from other sources for the closely held company. The assessment and appellate orders were sustained and the assessee's grounds were dismissed. en-us Tue, 24 Jan 2023 00:00:00 +0530 Sat, 27 Sep 2025 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433286 ITAT, Mumbai upheld an addition under section 56(2)(viib) where four resident allottees paid excess consideration over the DCF-based fair market value of Rs.341 per share; one non-resident allottee was excluded from the provision. The Tribunal found no dispute on the valuation report and treated the excess receipt (Rs.59 per share) as income from other sources for the closely held company. The assessment and appellate orders were sustained and the assessee's grounds were dismissed. Case-Laws Income Tax Tue, 24 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433286