https://www.taxtmi.com/caselaws?id=777543 ITAT upheld the CIT(A)'s deletion of the addition made under s.56(2)(viib) relating to share premium and valuation under Rule 11UA, finding the valuation report to be correctly prepared and that the AO's view on liabilities was based on a misconstruction of facts. The Tribunal agreed with CIT(A)'s analysis that using net worth or total assets yields the same net valuation outcome and found no infirmity in the appellate order, thereby dismissing the revenue's appeal despite the procedural questions under Rule 46A. en-us Thu, 28 Aug 2025 00:00:00 +0530 Mon, 01 Sep 2025 08:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777543 ITAT upheld the CIT(A)'s deletion of the addition made under s.56(2)(viib) relating to share premium and valuation under Rule 11UA, finding the valuation report to be correctly prepared and that the AO's view on liabilities was based on a misconstruction of facts. The Tribunal agreed with CIT(A)'s analysis that using net worth or total assets yields the same net valuation outcome and found no infirmity in the appellate order, thereby dismissing the revenue's appeal despite the procedural questions under Rule 46A. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777543