Tax Tribunal Upholds Share Premium Validity: Genuine Transaction Confirmed, No Sham Detected in Valuation Dispute.

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....Addition u/s 68 - assessee’s alleged failure to explain as to why the subject shares which had a face value of Rs. 10/- were issued at a premium of Rs. 90/- per share - total value of per share was Rs. 100 which was well below the value arrived at as per the valuation report. - CIT(A) correctly observed that it was not a sham transaction - HC....