https://www.taxtmi.com/caselaws?id=795185 Section 56(2)(viib) is described as an anti-abuse provision against routing unaccounted money through excessive share premium. Where an assessee uses a prescribed Rule 11UA valuation method, the Assessing Officer should not replace the discounted cash flow method with net asset value without cogent material showing that the method or projections are perverse. The notes state that genuine transactions, absence of evidence of unaccounted-money infusion, higher actual profits, RBI approval, and a subsequent valuation report supported the share value. On those facts, the share-premium addition was described as unsustainable and deleted. en-us Tue, 10 Mar 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795185 Section 56(2)(viib) is described as an anti-abuse provision against routing unaccounted money through excessive share premium. Where an assessee uses a prescribed Rule 11UA valuation method, the Assessing Officer should not replace the discounted cash flow method with net asset value without cogent material showing that the method or projections are perverse. The notes state that genuine transactions, absence of evidence of unaccounted-money infusion, higher actual profits, RBI approval, and a subsequent valuation report supported the share value. On those facts, the share-premium addition was described as unsustainable and deleted. Case-Laws Income Tax Tue, 10 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795185