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Section 56(2)(viib) Addition Deleted as DCF Valuation Rejection Unsustainable: ITAT Delhi
Case Law Details
- Case Name
- MI Industries (India) Pvt. Ltd. Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
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MI Industries (India) Pvt. Ltd. Vs DCIT (ITAT Delhi)
The assessee appealed against the order of the CIT(A) dated 04.09.2025 affirming the assessment order passed under Section 143(3) for AY 2014-15, challenging, among other issues, an addition of Rs.15,05,58,000 under Section 56(2)(viib) of the Income-tax Act. The assessee had issued and allotted 21,82,000 equity shares on 26.03.2012 at a face value of Rs.10 per share with a premium of Rs.100 per share to its promoters. During the relevant assessment year, it received Rs.1,30,92,000 towards share capital and Rs.15,05,58,000 towards share premi...
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