M/S. MOBICOM TECHNOLOGIES PRIVATE LIMITED,BANGALORE vs. INCOME-TAX OFFICER, WARD-4(1)(4) , BANGALORE
In the result, the appeal filed by the assessee stands dismissed
ITA 494/BANG/2023[2016-17]Status: DisposedITAT Bangalore12 Sept 2023AY 2016-17
Bench: Shri Chandra Poojari & Ms. Madhumita Royassessment Year : 2016-17
For Appellant: Shri Padam Chand KhinchaFor Respondent: Shri V. Parithivel, JCIT (DR)
Section 142(1)Section 143(2)Section 143(3)Section 56Section 56(2)(viib)
viib) of sub-section (2) of section 56 shall be the value, on the valuation date, of such unquoted equity shares as determined in the following manner under clause (a) or clause (b), at the option of the assessee, namely: - the fair market value of unquoted equity
Page 4
1. Shares =
(A-L) x (PV)
(PE) where,
A = book value
