https://www.taxtmi.com/caselaws?id=772132 Delhi HC upheld ITAT's decision deleting addition under section 56(2)(viib) regarding fair market value determination of equity shares. The Assessee valued unquoted equity shares using DCF method, which is permissible under Rule 11UA(2). AO rejected the valuation due to disclaimers in the chartered accountant's report, but ITAT found these were general disclaimers common in expert reports. The court held that expert reports cannot be rejected solely based on standard disclaimers without identifying material data errors. No substantial questions of law arose. en-us Fri, 30 May 2025 00:00:00 +0530 Tue, 14 Jul 2026 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772132 Delhi HC upheld ITAT's decision deleting addition under section 56(2)(viib) regarding fair market value determination of equity shares. The Assessee valued unquoted equity shares using DCF method, which is permissible under Rule 11UA(2). AO rejected the valuation due to disclaimers in the chartered accountant's report, but ITAT found these were general disclaimers common in expert reports. The court held that expert reports cannot be rejected solely based on standard disclaimers without identifying material data errors. No substantial questions of law arose. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772132