https://www.taxtmi.com/caselaws?id=785435 Rectification order under Section 154 merged with the assessment framed under Section 143(3), extinguishing the addition made under Section 56(2)(viib) in respect of share premium; accordingly, the assessing officers deletion of that addition stands and appellate adjudication on the same issue became academic. Separately, the charge under Section 56(2)(viib) was found inapplicable to shares issued to non-resident subscribers absent proof of their place of effective management in India, rendering the addition unsustainable on merits as well. en-us Fri, 16 Jan 2026 00:00:00 +0530 Mon, 19 Jan 2026 18:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785435 Rectification order under Section 154 merged with the assessment framed under Section 143(3), extinguishing the addition made under Section 56(2)(viib) in respect of share premium; accordingly, the assessing officers deletion of that addition stands and appellate adjudication on the same issue became academic. Separately, the charge under Section 56(2)(viib) was found inapplicable to shares issued to non-resident subscribers absent proof of their place of effective management in India, rendering the addition unsustainable on merits as well. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785435