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
price and consequently the share premium, it cannot be construed that share premium solely depends on the future realizable value of profits.
No requirement under section 56(2)(viib) of the IT Act to value investment in subsidiaries at net realizable value prior to valuing the shares of the Appellant
Company
1.15. It is submitted that the learned
