https://www.taxtmi.com/caselaws?id=439403 Section 56(2)(viib) addition on share premium was deleted where the assessee substantiated fair market value through the discounted cash flow method under Rule 11UA(2). The Tribunal held that the rule permits valuation either under the prescribed formula or by DCF at the assessee's option, and that the Assessing Officer could not reject the report merely because it was not prepared by a merchant banker. The High Court found no substantial question of law in that reasoning and upheld the deletion of the addition. en-us Mon, 19 Jun 2023 00:00:00 +0530 Tue, 18 Nov 2025 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439403 Section 56(2)(viib) addition on share premium was deleted where the assessee substantiated fair market value through the discounted cash flow method under Rule 11UA(2). The Tribunal held that the rule permits valuation either under the prescribed formula or by DCF at the assessee's option, and that the Assessing Officer could not reject the report merely because it was not prepared by a merchant banker. The High Court found no substantial question of law in that reasoning and upheld the deletion of the addition. Case-Laws Income Tax Mon, 19 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439403