ACIT 5 (1), BHOPAL vs. M/S VINDHYA SOLVENT PVT. LTD., BHOPAL
In the result, Revenue’s appeal is dismissed
ITA 281/IND/2018[14-15]Status: DisposedITAT Indore18 Oct 2022
Bench: Ms. Madhumita Roy& Shri Bhagirath Mal Biyani
For Appellant: RespondentbyFor Respondent: Shri Sumit Nema, Sr
Section 142(1)Section 143(2)Section 143(3)Section 56(2)(viib)Section 68
property as exceeds such consideration shall be chargeable to income-tax under the head, "Income from other sources". Further, the NAV method as per Rule 11UA has been prescribed as the method for computing FMV of the shares for the purposes of section 56(2)(viib) of the IT Act.
1.36. Accordingly, if for the sake of argument, shares were
