{"id":16791,"date":"2021-04-16T12:43:02","date_gmt":"2021-04-16T07:13:02","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vishwas\/addition-u-s-562viib-on-valuation-of-shares\/"},"modified":"2021-04-16T20:29:48","modified_gmt":"2021-04-16T14:59:48","slug":"addition-u-s-562viib-on-valuation-of-shares","status":"publish","type":"vishwas","link":"https:\/\/itatonline.org\/digest\/vishwas\/addition-u-s-562viib-on-valuation-of-shares\/","title":{"rendered":"Addition u\/s 56(2)(viib) on valuation of shares"},"content":{"rendered":"<p>Assessee submitted valuation report as per Rule 11UA determining valuation of share at Rs.32\/- per share. The Assessing Officer calculated Value of share as under: &#8211;<br \/>\nShare Capital &#8211; A<br \/>\nReserves &amp; Surplus &#8211; B<\/p>\n<p>A + B divided by number of shares (c). The value came to Rs.22. The Assessing Officer made addition of Rs.10 i.e Rs.32- Rs.22 in the hands of the company on the number of shares allotted by the company u\/s 56(2)(viib). Please let us know whether the addition is justified. Any case law in support of the assessee. Please  guide us how to proceed further.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assessee submitted valuation report as per Rule 11UA determining valuation of share at Rs.32\/- per share. The Assessing Officer calculated Value of share as under: &#8211; Share Capital &#8211; A Reserves &amp; Surplus &#8211; B A + B divided by number of shares (c). The value came to Rs.22. The Assessing Officer made addition of Rs.10 i.e Rs.32- Rs.22 in the hands of the company on the number of shares allotted by the company u\/s 56(2)(viib). Please let us know whether the addition is justified. Any case law in support of the assessee. Please guide us how to proceed further.<\/p>\n<p><a href=\"https:\/\/itatonline.org\/digest\/vishwas\/addition-u-s-562viib-on-valuation-of-shares\/\">read more<\/a><\/p>","protected":false},"comment_status":"open","ping_status":"closed","template":"","tags":[],"expertname":[6],"class_list":["post-16791","vishwas","type-vishwas","status-publish","hentry","expertname-dr-k-shivaram-sr-advocate"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas\/16791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/vishwas"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/vishwas"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=16791"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=16791"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=16791"},{"taxonomy":"expertname","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/expertname?post=16791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}