https://www.taxtmi.com/caselaws?id=789764 For section 50CA, the fair market value of unquoted equity shares is to be determined under the prescribed valuation mechanism, and a Chartered Accountant's report using the net asset value method may be relied on. Rule 11UA(2), which applies to section 56(2)(viib), is not the governing provision for a transfer covered by section 50CA. The higher price at which fresh shares were issued to the same buyer could not, by itself, justify substituting the declared sale consideration in the absence of any material showing extra or hidden consideration. The addition was therefore deleted. en-us Fri, 10 Apr 2026 00:00:00 +0530 Tue, 14 Apr 2026 08:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789764 For section 50CA, the fair market value of unquoted equity shares is to be determined under the prescribed valuation mechanism, and a Chartered Accountant's report using the net asset value method may be relied on. Rule 11UA(2), which applies to section 56(2)(viib), is not the governing provision for a transfer covered by section 50CA. The higher price at which fresh shares were issued to the same buyer could not, by itself, justify substituting the declared sale consideration in the absence of any material showing extra or hidden consideration. The addition was therefore deleted. Case-Laws Income Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789764