TAJSHREE AUTOWHEELS PRIVATE LIMITED,NAGPUR vs. ACIT CIRCLE-4, NAGPUR
In the result, assessee’s appeal is allowed for statistical purposes
ITA 400/NAG/2024[2014-15]Status: DisposedITAT Nagpur04 Mar 2025AY 2014-15
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Madhav VichoreFor Respondent: Shri Abhay Y. Marathe
Section 56(2)Section 56(2)(viib)
17,289 / 1175540 shares =
` 33.87 per share
It is clear that from the above facts that the assessee has received consideration of Rs. 16.13 per share exceeding the fair market value of shares. Total amounts to 16.13 x 2,00,000 32,26,000/- in excess consideration exceeding Fair Market Value.
Section 56(2)(viib) of the Income