https://www.taxtmi.com/caselaws?id=467673 Share-premium valuation under section 56(2)(viib) must be based on the assessee's chartered accountant valuation report under Rule 11UA(1)(c) where no factual defect is identified in that report. Mere dissatisfaction with the valuation method does not justify substituting the Assessing Officer's own valuation. The reported analysis treats the valuation report as having persuasive value absent material supporting its rejection, with the assessee's valuation accepted and the share-premium addition described as unsustainable. en-us Mon, 17 Feb 2025 00:00:00 +0530 Sat, 28 Mar 2026 18:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467673 Share-premium valuation under section 56(2)(viib) must be based on the assessee's chartered accountant valuation report under Rule 11UA(1)(c) where no factual defect is identified in that report. Mere dissatisfaction with the valuation method does not justify substituting the Assessing Officer's own valuation. The reported analysis treats the valuation report as having persuasive value absent material supporting its rejection, with the assessee's valuation accepted and the share-premium addition described as unsustainable. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467673