https://www.taxtmi.com/caselaws?id=779243 ITAT upheld the assessee's valuation of unquoted shares using the DCF method under Rule 11UA(2)(b), rejecting the AO's and CIT(A)'s addition under section 56(2)(viib) that treated share consideration as excess over fair market value. The Tribunal found the assessee had the option to select the valuation method, and the AO lacked jurisdiction to alter that choice; therefore the addition was deleted and the appeal allowed. en-us Fri, 26 Sep 2025 00:00:00 +0530 Wed, 01 Oct 2025 09:07:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779243 ITAT upheld the assessee's valuation of unquoted shares using the DCF method under Rule 11UA(2)(b), rejecting the AO's and CIT(A)'s addition under section 56(2)(viib) that treated share consideration as excess over fair market value. The Tribunal found the assessee had the option to select the valuation method, and the AO lacked jurisdiction to alter that choice; therefore the addition was deleted and the appeal allowed. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779243