https://www.taxtmi.com/caselaws?id=799760 For unquoted equity shares, Section 56(2)(viib) taxes issue consideration exceeding fair market value, while Rule 11UA(2) permits valuation under the Net Asset Value or Discounted Cash Flow method. The Assessing Officer may scrutinise the valuation report, underlying data, assumptions and methodology, but cannot replace the selected prescribed method merely because projections, management estimates or standard disclaimers appear unsatisfactory. Rejection requires identified defects in the data, assumptions or methodology. Where both prescribed valuations supported the issue price and no specific defect was established, the Section 56(2)(viib) addition was deleted. en-us Wed, 16 Sep 2026 00:00:00 +0530 Sat, 26 Sep 2026 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799760 For unquoted equity shares, Section 56(2)(viib) taxes issue consideration exceeding fair market value, while Rule 11UA(2) permits valuation under the Net Asset Value or Discounted Cash Flow method. The Assessing Officer may scrutinise the valuation report, underlying data, assumptions and methodology, but cannot replace the selected prescribed method merely because projections, management estimates or standard disclaimers appear unsatisfactory. Rejection requires identified defects in the data, assumptions or methodology. Where both prescribed valuations supported the issue price and no specific defect was established, the Section 56(2)(viib) addition was deleted. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799760