https://www.taxtmi.com/caselaws?id=312021 The ITAT Delhi dismissed the revenue's appeal against the deletion of an addition of Rs. 4,08,06,000/- under Section 68 of the Income Tax Act, 1961, related to non-genuine/unexplained share capital/share premium. The CIT (A) had reversed the addition, accepting the assessee's valuation report under the DCF method as per Rule 11UA for Section 56(2)(viib). The Tribunal upheld this decision, noting that the valuation was consistent and the source of funds was undisputed, leading to the dismissal of the appeal. en-us Wed, 07 Jul 2021 00:00:00 +0530 Sun, 28 Jan 2024 10:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312021 The ITAT Delhi dismissed the revenue's appeal against the deletion of an addition of Rs. 4,08,06,000/- under Section 68 of the Income Tax Act, 1961, related to non-genuine/unexplained share capital/share premium. The CIT (A) had reversed the addition, accepting the assessee's valuation report under the DCF method as per Rule 11UA for Section 56(2)(viib). The Tribunal upheld this decision, noting that the valuation was consistent and the source of funds was undisputed, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 07 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312021