https://www.taxtmi.com/caselaws?id=777495 ITAT AHMEDABAD - AT dismissed the Revenue's appeal against deletion of an addition under s.56(2)(viib) where shares were issued at a premium to group entities. The tribunal held that valuation by DCF, though technical and approximate, cannot be discarded absent perversity or mala fides; subsequent shortfall between projections and actuals alone did not prove the DCF was flawed. The AO erred in substituting NAV for DCF without material evidence of manipulation or infusion of unaccounted funds. The CIT(A)'s order deleting the addition was upheld. en-us Wed, 27 Aug 2025 00:00:00 +0530 Sat, 30 Aug 2025 08:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777495 ITAT AHMEDABAD - AT dismissed the Revenue's appeal against deletion of an addition under s.56(2)(viib) where shares were issued at a premium to group entities. The tribunal held that valuation by DCF, though technical and approximate, cannot be discarded absent perversity or mala fides; subsequent shortfall between projections and actuals alone did not prove the DCF was flawed. The AO erred in substituting NAV for DCF without material evidence of manipulation or infusion of unaccounted funds. The CIT(A)'s order deleting the addition was upheld. Case-Laws Income Tax Wed, 27 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777495