https://www.taxtmi.com/caselaws?id=766654 ITAT Delhi ruled in favor of the assessee regarding addition under section 56(2)(viib). The case involved equity shares allotted to existing shareholders in their existing shareholding ratio, with excess amount received as share premium due to rounding off difference of Rs. 0.09 per share on allotment of 1 crore equity shares. Since shares were allotted proportionally to existing shareholders without changing their shareholding pattern, ITAT found the CIT(A)'s order unsustainable and deleted the addition. en-us Thu, 27 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766654 ITAT Delhi ruled in favor of the assessee regarding addition under section 56(2)(viib). The case involved equity shares allotted to existing shareholders in their existing shareholding ratio, with excess amount received as share premium due to rounding off difference of Rs. 0.09 per share on allotment of 1 crore equity shares. Since shares were allotted proportionally to existing shareholders without changing their shareholding pattern, ITAT found the CIT(A)'s order unsustainable and deleted the addition. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766654