https://www.taxtmi.com/caselaws?id=790625 A share premium valuation supported by a prescribed DCF report cannot be rejected and replaced with another fair market value unless the report is first found defective on reasoned grounds; the addition under section 56(2)(vii)(b) was deleted. Protective addition under section 68 is confined to genuine uncertainty about the correct person taxable on the income, and cannot be used for the same income already assessed on another basis in the assessee's hands; that addition was also deleted. en-us Fri, 24 Apr 2026 00:00:00 +0530 Tue, 28 Apr 2026 07:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790625 A share premium valuation supported by a prescribed DCF report cannot be rejected and replaced with another fair market value unless the report is first found defective on reasoned grounds; the addition under section 56(2)(vii)(b) was deleted. Protective addition under section 68 is confined to genuine uncertainty about the correct person taxable on the income, and cannot be used for the same income already assessed on another basis in the assessee's hands; that addition was also deleted. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790625