https://www.taxtmi.com/caselaws?id=468006 Where an assessee adopts a valuation method permitted under law for share premium, the Assessing Officer cannot discard the report and substitute a different method without pointing out any specific defect, inaccuracy, or methodological infirmity. The assessee's DCF valuation was acted upon by a bank for loan sanction, and mere mismatch with later actual results did not justify rejection. The addition under section 56(2)(viib) was therefore unsustainable and was deleted. en-us Fri, 27 Oct 2023 00:00:00 +0530 Mon, 13 Apr 2026 10:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468006 Where an assessee adopts a valuation method permitted under law for share premium, the Assessing Officer cannot discard the report and substitute a different method without pointing out any specific defect, inaccuracy, or methodological infirmity. The assessee's DCF valuation was acted upon by a bank for loan sanction, and mere mismatch with later actual results did not justify rejection. The addition under section 56(2)(viib) was therefore unsustainable and was deleted. Case-Laws Income Tax Fri, 27 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468006