No Section 56(2)(viib) Addition Required for Discrepancy of less than 10%

Sakshi Fincap Pvt. Ltd. Vs ITO (ITAT Delhi) Introduction In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Delhi addressed the appeal filed by Sakshi Fincap Pvt. Ltd. against the order passed by the Commissioner of Income Tax (Appeals)-XXV, New Delhi, dated August 23, 2019. The appeal focused on the addition of ₹50,77,334/- made by the Assessing Officer (AO) under Section 56(2)(viib) of the Income Tax Act, 1961, due to a difference in the valuation of shares. This article delves into the intricate details of the case, the arguments presented, and the Tribunal’s final...