Tax Additions Unjustified for Share Premiums Based on Recognized Valuation Methods Without Evidence of Manipulation. https://www.taxtmi.com/highlights?id=74435 Addition u/s 56(2)(viib) - shares being issued at excessive rate - When shares are issued at a premium by a subsidiary to its holding company, based on a recognized valuation method like the Discounted Cash Flow, additions under Section 56(2)(viib) are not justified unless there is evidence of unaccounted money or manipulation. - AT en-us Mon, 29 Jan 2024 07:52:42 +0530 Mon, 29 Jan 2024 07:52:42 +0530 TaxTMI RSS Generator Tax Additions Unjustified for Share Premiums Based on Recognized Valuation Methods Without Evidence of Manipulation. https://www.taxtmi.com/highlights?id=74435 Addition u/s 56(2)(viib) - shares being issued at excessive rate - When shares are issued at a premium by a subsidiary to its holding company, based on a recognized valuation method like the Discounted Cash Flow, additions under Section 56(2)(viib) are not justified unless there is evidence of unaccounted money or manipulation. - AT Highlights Income Tax Mon, 29 Jan 2024 07:52:42 +0530 https://www.taxtmi.com/highlights?id=74435