MIRA MAHAL PREMISES MANAGEMENT PVT. LTD.,MUMBAI vs. CIT (A)- 4 , MUMBAI
In the result, the appeal of assessee is allowed for statistical purposes
ITA 7158/MUM/2018[2014-15]Status: DisposedITAT Mumbai02 Feb 2024AY 2014-15
Bench: Shri Narender Kumar Choudhry, Jm & Ms Padmavathy S, Am
For Appellant: Shri Bhavin Gala, CAFor Respondent: Shri Mahita Nair, Sr. DR
Section 56(2)(viib)
formula as per which the fair market value of shares is required to be determined The intention behind introduction of provisions of section 58(2)(vib) and Rule 11UA is precisely to avoid any arbitrariness as it lays down certain parameters and accounting methodology to determine correctness of the share
