Taxation of Excess Share Premium u/s 56(2)(viib) and Rule 114A(2)(a) to Prevent Tax Avoidance.

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....Addition of share premium u/s 56(2)(viib) r.w.r. 114A(2)(a) - Excess of share premium collected by the assessee is taxable u/s 56(2)(viib) r.w.r. 114A(2)(a) - AO has the power to examine and verify the correctness or the reasonableness of the valuation adopted by the assessee.....