https://www.taxtmi.com/caselaws?id=776024 The ITAT Delhi upheld the CIT(A)'s order, rejecting the Revenue's appeal regarding addition under Section 56(2)(vii-b). The assessee issued fresh shares at a premium to a sister concern, and the valuation of unquoted shares was challenged due to a nine-month gap in the valuation period. The tribunal found the valuation method adopted by the assessee to be correct and held that the provisions apply only if there is unaccounted income, which was not established. The appeal by the Revenue was dismissed, sustaining the lower authority's decision. en-us Thu, 31 Jul 2025 00:00:00 +0530 Fri, 27 Mar 2026 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776024 The ITAT Delhi upheld the CIT(A)'s order, rejecting the Revenue's appeal regarding addition under Section 56(2)(vii-b). The assessee issued fresh shares at a premium to a sister concern, and the valuation of unquoted shares was challenged due to a nine-month gap in the valuation period. The tribunal found the valuation method adopted by the assessee to be correct and held that the provisions apply only if there is unaccounted income, which was not established. The appeal by the Revenue was dismissed, sustaining the lower authority's decision. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776024