The assessee company had only  two share holders  husband and wife On demises of husband shares devolved on daughter. Unrealistic premium paid by mother for allotment of shares. Tribunal held that, here was no possibility of generation and use of unaccounted money resulting from transaction as investor’s source of investment was genuine  Lifting corporate veil  could not be invoked in case of assessee-company because by virtue of said transaction benefit had only passed on to her daughter and said transaction would not benefit any further shareholder in future  benefit only  passed on to daughter . Accordingly the provisions of S. 56(2)(viib) cannot be invoked in the hands of the company when cash or asset is transferred by a mother to her daughter.