Tax Authorities' Presumptive Additions Challenged Under IT Act Section 56(2)(viib) Despite Fair Market Valuation per Rule 11UA(a.

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....Addition u/s 68 or 56- Bogus share premium and share capital - as assessee has issued the shares at fair market value computed in accordance with Rule 11UA(a) of the IT Rules 1962 and no fault has been found in the method applied by the assessee and the lower authorities have made the addition u/s. 56(2)(viib) purely on presumptions and surmises. - AT....