Section 56(2)(viib) Addition Unsustainable Due to Improper Rejection of DCF

Intermesh Shopping Network Pvt Ltd Vs ITO (ITAT Delhi)

DCF Valuation Cannot Be Rejected Just Because Projections Differ- Disclaimer in Valuation Report Not a Ground to Junk DCF Method: AO Should Have Referred to Valuation Officer —56(2)(viib) Addition Deleted

Mumbai Tribunal examined validity of addition of ₹8,39,55,840 u/s 56(2)(viib) arising from share premium collected on allotment of equity shares.

Assessee had obtained DCF-based valuation from a qualified CA; projections, dis

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