https://www.taxtmi.com/caselaws?id=758886 Delhi HC set aside ITAT order regarding valuation under Section 56(2)(viib). AO had rejected assessee's valuation report and used actual figures instead of proper estimation methods. Court held that estimation should be based on legitimate assessment, not questioned against actual figures. Matter remitted to AO for fresh valuation following Section 56(2)(viib) provisions, adhering to DCF Method, with option to engage appropriate valuer if assessee's data requires further examination. en-us Fri, 05 Apr 2024 00:00:00 +0530 Thu, 19 Sep 2024 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758886 Delhi HC set aside ITAT order regarding valuation under Section 56(2)(viib). AO had rejected assessee's valuation report and used actual figures instead of proper estimation methods. Court held that estimation should be based on legitimate assessment, not questioned against actual figures. Matter remitted to AO for fresh valuation following Section 56(2)(viib) provisions, adhering to DCF Method, with option to engage appropriate valuer if assessee's data requires further examination. Case-Laws Income Tax Fri, 05 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758886