https://www.taxtmi.com/caselaws?id=794311 For valuation of shares under section 56(2)(viib) read with Rule 11UA, the assets and liabilities must be taken as on the actual allotment date; a valuation based on an earlier balance-sheet date was incorrect, so the addition required fresh recomputation on the correct date and was restored to the Assessing Officer. Fee paid for increasing authorised share capital was treated as capital expenditure with enduring benefit, so the disallowance was sustained. en-us Mon, 29 Jun 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794311 For valuation of shares under section 56(2)(viib) read with Rule 11UA, the assets and liabilities must be taken as on the actual allotment date; a valuation based on an earlier balance-sheet date was incorrect, so the addition required fresh recomputation on the correct date and was restored to the Assessing Officer. Fee paid for increasing authorised share capital was treated as capital expenditure with enduring benefit, so the disallowance was sustained. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794311