ITAT Delhi Deletes Share Capital & 56(2)(viib) Additions: DCF Valuation Upheld

Rivet Health Club Pvt. Ltd. Vs ITO (ITAT Delhi) ITAT Delhi Deletes Share Capital & 56(2)(viib) Additions—DCF Valuation Cannot Be Rejected; Section 68 Onus Discharged The Delhi Bench of the ITAT allowed the appeal of Rivet Health Club Pvt. Ltd. for AY 2015-16, granting complete relief on additions relating to share capital/share premium, valuation under section 56(2)(viib), enhancement by CIT(A), business expenditure disallowance, and Form 26AS mismatch. On section 68, the Tribunal held that the assessee had fully discharged its onus by furnishing PAN, ROC details, audited financials, ban...