https://www.taxtmi.com/caselaws?id=767219 HC affirmed ITAT and deleted addition under section 56(2)(viib) relating to share premium. Court found the AO and lower authorities improperly rejected the assessee's DCF valuation solely on an objective discretion and because the company reported losses, without examining the valuation details or recording contrary findings. The HC held valuation cannot be dismissed without factual findings and detailed scrutiny, and therefore the addition was deleted in favour of the assessee. en-us Wed, 05 Mar 2025 00:00:00 +0530 Fri, 22 Aug 2025 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767219 HC affirmed ITAT and deleted addition under section 56(2)(viib) relating to share premium. Court found the AO and lower authorities improperly rejected the assessee's DCF valuation solely on an objective discretion and because the company reported losses, without examining the valuation details or recording contrary findings. The HC held valuation cannot be dismissed without factual findings and detailed scrutiny, and therefore the addition was deleted in favour of the assessee. Case-Laws Income Tax Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767219