https://www.taxtmi.com/caselaws?id=780353 ITAT DELHI - AT held that the assessee's DCF valuation under s.56(2)(viib) read with Rule 11UA could not be displaced by the AO without pinpointing specific errors; the valuation was a factual conclusion properly accepted. Additions under s.56(2)(viib) and s.68 were unsustainable: shares issued to non-resident subscribers did not automatically attract s.56(2)(viib), and the AO/CIT(A) failed to question identity, genuineness or creditworthiness or discharge the requisite onus to sustain s.68. The ITAT deleted the addition of Rs.60,06,500 and allowed the grounds challenging the assessments. en-us Mon, 27 Oct 2025 00:00:00 +0530 Mon, 16 Mar 2026 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780353 ITAT DELHI - AT held that the assessee's DCF valuation under s.56(2)(viib) read with Rule 11UA could not be displaced by the AO without pinpointing specific errors; the valuation was a factual conclusion properly accepted. Additions under s.56(2)(viib) and s.68 were unsustainable: shares issued to non-resident subscribers did not automatically attract s.56(2)(viib), and the AO/CIT(A) failed to question identity, genuineness or creditworthiness or discharge the requisite onus to sustain s.68. The ITAT deleted the addition of Rs.60,06,500 and allowed the grounds challenging the assessments. Case-Laws Income Tax Mon, 27 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780353