https://www.taxtmi.com/highlights?id=80351 AO cannot interfere in assessee's chosen valuation method u/s 56(2)(viib). AO exceeded jurisdiction by rejecting DCF method and applying NAV method. Transaction between independent parties at Rs. 13.94 per share accepted under FEMA and RBI guidelines. Same value adopted by assessee cannot be disturbed for share issue. Addition u/s 56(2)(viib) deleted. Assessee's appeal allowed. en-us Mon, 12 Aug 2024 08:25:42 +0530 Mon, 12 Aug 2024 08:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=80351 AO cannot interfere in assessee's chosen valuation method u/s 56(2)(viib). AO exceeded jurisdiction by rejecting DCF method and applying NAV method. Transaction between independent parties at Rs. 13.94 per share accepted under FEMA and RBI guidelines. Same value adopted by assessee cannot be disturbed for share issue. Addition u/s 56(2)(viib) deleted. Assessee's appeal allowed. Highlights Income Tax Mon, 12 Aug 2024 08:25:42 +0530 https://www.taxtmi.com/highlights?id=80351