{"id":62776,"date":"2026-07-30T10:22:16","date_gmt":"2026-07-30T04:52:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/tpg-growth-ii-markets-pte-ltd-v-dy-cit-2023-153-taxmann-com-368-2025-129-itr-175-mum-trib\/"},"modified":"2026-07-30T10:22:16","modified_gmt":"2026-07-30T04:52:16","slug":"tpg-growth-ii-markets-pte-ltd-v-dy-cit-2023-153-taxmann-com-368-2025-129-itr-175-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/tpg-growth-ii-markets-pte-ltd-v-dy-cit-2023-153-taxmann-com-368-2025-129-itr-175-mum-trib\/","title":{"rendered":"TPG Growth II Markets Pte. Ltd. v. Dy. CIT [2023] 153 taxmann.com 368 \/ (2025) 129 ITR 175 (Mum.)(Trib.)"},"content":{"rendered":"<p>The Revenue sought to invoke section 56(2)(viia) on the purchase of shares by the assessee. The Tribunal held that the value adopted by the assessee was higher than the fair market value determined under Rule 11UA and, therefore, the provisions of section 56(2)(viia) were not attracted. The addition was directed to be deleted. <strong>(<\/strong>AY. 2017-18).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56: Income from other sources-Purchase of shares-Value adopted by assessee higher than fair market value-Provision not attracted. [S. 56(2)(viib), [S.92C, 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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62776","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gkw","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62776","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=62776"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62776\/revisions"}],"predecessor-version":[{"id":62777,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62776\/revisions\/62777"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}