https://www.taxtmi.com/highlights?id=72861 Addition u/s 68 - assessee’s alleged failure to explain as to why the subject shares which had a face value of Rs. 10/- were issued at a premium of Rs. 90/- per share - total value of per share was Rs. 100 which was well below the value arrived at as per the valuation report. - CIT(A) correctly observed that it was not a sham transaction - HC en-us Thu, 02 Nov 2023 09:17:25 +0530 Thu, 02 Nov 2023 09:17:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72861 Addition u/s 68 - assessee’s alleged failure to explain as to why the subject shares which had a face value of Rs. 10/- were issued at a premium of Rs. 90/- per share - total value of per share was Rs. 100 which was well below the value arrived at as per the valuation report. - CIT(A) correctly observed that it was not a sham transaction - HC Highlights Income Tax Thu, 02 Nov 2023 09:17:25 +0530 https://www.taxtmi.com/highlights?id=72861