https://www.taxtmi.com/caselaws?id=433902 The Tribunal upheld the CIT(A)'s decision to delete the additions of Rs. 21,57,85,188/- on account of share premium valuation and Rs. 1,36,000/- being expense under Section 37(1) of the Income Tax Act. The Tribunal found that the assessee's transactions fell under the proviso to Section 56(2)(viib) and that the professional fee expense was a regular business expense, dismissing the Revenue's appeal. en-us Fri, 10 Feb 2023 00:00:00 +0530 Mon, 13 Feb 2023 09:41:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433902 The Tribunal upheld the CIT(A)'s decision to delete the additions of Rs. 21,57,85,188/- on account of share premium valuation and Rs. 1,36,000/- being expense under Section 37(1) of the Income Tax Act. The Tribunal found that the assessee's transactions fell under the proviso to Section 56(2)(viib) and that the professional fee expense was a regular business expense, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 10 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433902