The assessee a Pvt ltd Company issued the shares of face value of Rs .100 at a premium of Rs 1000 per share by valuing the shares at Discounted Free Cash Flow Method. The AO has adopted the value as per  net asset value and added the difference as income form other sources . On appeal the CIT (A deleted the addition which was affirmed by the Tribunal on the ground that   the Assessing Officer had not pointed out any flaw in the method of calculation of the value of shares adopting the free cash flow method and accordingly the deleted the addition made by the AO . On appeal by the revenue dismissing the appeal the Court affirmed the order of the Tribunal. (AY.2013-14)