https://www.taxtmi.com/caselaws?id=799853 Discounted Cash Flow valuation permitted under Section 56(2)(viib) and Rule 11UA must be assessed using information available on the valuation date. Subsequent financial performance or initial operating losses alone do not establish that contemporaneous projections were unreliable or justify replacing the valuation with the Net Asset Value method, particularly where an independent report supports the assumptions. Section 69C applies only where the source of expenditure remains unexplained. Differences between recorded expenditure and vendor confirmations do not constitute unexplained expenditure when entries appear in audited books, payments are made through banking channels, and the business source of those payments is undisputed. en-us Fri, 18 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799853 Discounted Cash Flow valuation permitted under Section 56(2)(viib) and Rule 11UA must be assessed using information available on the valuation date. Subsequent financial performance or initial operating losses alone do not establish that contemporaneous projections were unreliable or justify replacing the valuation with the Net Asset Value method, particularly where an independent report supports the assumptions. Section 69C applies only where the source of expenditure remains unexplained. Differences between recorded expenditure and vendor confirmations do not constitute unexplained expenditure when entries appear in audited books, payments are made through banking channels, and the business source of those payments is undisputed. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799853