https://www.taxtmi.com/caselaws?id=763590 The ITAT Delhi held that a start-up company's adoption of the DCF method under Rule 11UA for share valuation was proper and could not be rejected by the AO. The tribunal ruled that assessees have the option to choose between Net Assets Value or DCF method for valuing unquoted shares, and the AO cannot review projected figures or reject the method based on valuer disclaimers. The addition under section 56(2)(viib) for shares issued above fair market value was deleted. Additionally, the section 68 addition was also deleted as shares were issued to existing shareholders with proper DCF-based valuations. en-us Fri, 20 Dec 2024 00:00:00 +0530 Mon, 16 Mar 2026 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763590 The ITAT Delhi held that a start-up company's adoption of the DCF method under Rule 11UA for share valuation was proper and could not be rejected by the AO. The tribunal ruled that assessees have the option to choose between Net Assets Value or DCF method for valuing unquoted shares, and the AO cannot review projected figures or reject the method based on valuer disclaimers. The addition under section 56(2)(viib) for shares issued above fair market value was deleted. Additionally, the section 68 addition was also deleted as shares were issued to existing shareholders with proper DCF-based valuations. Case-Laws Income Tax Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763590