https://www.taxtmi.com/caselaws?id=464185 ITAT allowed the appeal for statistical purposes and remanded the matter to the AO for verification of figures underlying a DCF valuation of share premium. The bench held that where the assessee elects a Rule 11UA method, AO/CIT(A) may only scrutinize the valuation within DCF parameters and cannot substitute its own valuation method. As the AO had not identified defects in the DCF workings at remand but compared actual with projected figures, ITAT directed the AO to apply his mind, point out any contradictions or errors in the valuer's report, and report back. en-us Mon, 15 May 2023 00:00:00 +0530 Thu, 09 Oct 2025 20:48:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464185 ITAT allowed the appeal for statistical purposes and remanded the matter to the AO for verification of figures underlying a DCF valuation of share premium. The bench held that where the assessee elects a Rule 11UA method, AO/CIT(A) may only scrutinize the valuation within DCF parameters and cannot substitute its own valuation method. As the AO had not identified defects in the DCF workings at remand but compared actual with projected figures, ITAT directed the AO to apply his mind, point out any contradictions or errors in the valuer's report, and report back. Case-Laws Income Tax Mon, 15 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464185