{"id":43548,"date":"2024-06-14T12:01:06","date_gmt":"2024-06-14T06:31:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-rodic-sikkim-project-p-ltd-2023-200-itd-32-kol-trib\/"},"modified":"2024-06-14T12:01:06","modified_gmt":"2024-06-14T06:31:06","slug":"acit-v-rodic-sikkim-project-p-ltd-2023-200-itd-32-kol-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-rodic-sikkim-project-p-ltd-2023-200-itd-32-kol-trib\/","title":{"rendered":"ACIT v. Rodic Sikkim Project (P.) Ltd. (2023) 200 ITD 32 (Kol) (Trib.)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Tribunal held that the assessee produced valuation report issued by Chartered Accountants, in compliance with sub-clause (c) of rule 11UA(1), wherein, valuation of preference shares. The\u00a0 valuation arrived at by Assessing Officer was a negative figure. Order of CIT(A) is affirmed. (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources-Cumulative preference shares at premium-Produced valuation report for justifying the issue of shares at premium-Deletion of addition by CIT(A) is affirmed. [S. 56(2)(viib), R.11U, R.11UA]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-43548","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bko","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=43548"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43548\/revisions"}],"predecessor-version":[{"id":43549,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43548\/revisions\/43549"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}