Dada Ganapati Gur Products Pvt. Ltd. v. PCIT (2021) 92 ITR 408 / 214 TTJ 908 (Hyd.)(Trib.)

S. 263 : Commissioner-Revision of orders prejudicial to revenue-Share capital issue of shares at premium-Addition on presumption-Revision was held to be not valid. [S. 56(2)(viib), R. 11UA(2)(b)]

Held that the Assessing Officer has examined the applicability of provision of section 56(2))(viib) during the assessment proceedings. Revision is held to be not valid. (AY. 2013-14)