Held that the assessee has justified share premium on the basis of valuation report who has applied DCF method. Order of CIT(A) deleting the addition is affirmed. (AY. 2013-14 )
ITO v. Goodyield Farming Ltd (2023) 223 TTJ 121 (Mum)(Trib)
S. 56 : Income from other sources-Shares at premium-Valuation of report by the Chartered Accountant-DCF method-Deletion of addition is affirmed. [S. 56(2) (viib), R. 11UA]