https://www.taxtmi.com/highlights?id=67949 Addition u/s 56(2)(viib) - application of Rule 11UA - FMV of redeemable preference shares - sub-Rule (2) of Rule 11UA deals valuation in respect of unquoted equity shares only and does not refer to valuation of preference shares in any manner, whatsoever. The sub- Clause (c) of Rule 11UA(1), deals with the valuation of unquoted shares and securities other than equity shares which is based on a report from a merchant banker or an accountant. - AT en-us Sat, 28 Jan 2023 08:26:34 +0530 Sat, 28 Jan 2023 08:26:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67949 Addition u/s 56(2)(viib) - application of Rule 11UA - FMV of redeemable preference shares - sub-Rule (2) of Rule 11UA deals valuation in respect of unquoted equity shares only and does not refer to valuation of preference shares in any manner, whatsoever. The sub- Clause (c) of Rule 11UA(1), deals with the valuation of unquoted shares and securities other than equity shares which is based on a report from a merchant banker or an accountant. - AT Highlights Income Tax Sat, 28 Jan 2023 08:26:34 +0530 https://www.taxtmi.com/highlights?id=67949