Section 56(2)(viia) of the Income Tax Act

The decision most relied on for Section 56(2)(viia) is Sudhir Menon HUF v. ACIT (45 Taxmann.com 176), cited in 21 of the 29 judgments on BharatTax that turn on this section.

Leading authorities on Section 56(2)(viia)

Sudhir Menon HUF v. ACIT
45 Taxmann.com 176 · 2014 · ITAT
21
citing judgments
Khoday Distilleries Ltd. v. CIT
307 ITR 312 · 2008 · Supreme Court
17
citing judgments
DSJ Communication v. DCIT
222 Taxmann 129 · 2014 · High Court
16
citing judgments
CIT v. Selan Exploration Technology Ltd.
188 Taxmann 1 · 2010 · High Court
11
citing judgments
Vora Financial Services (P) Ltd. v. ACIT
96 Taxmann.com 88 · 2018 · ITAT
10
citing judgments
Agro Portfolio Private Limited v. PCIT
161 Taxmann.com 303 · 2024 · High Court
7
citing judgments
6 DSJ Communication DCIT CIT Addl. CIT Ltd. v. DCIT
41 Taxmann.com 151 · 2014 · High Court
7
citing judgments
PCIT v. Merck Ltd.
120 Taxmann.com 361 · 2020 · High Court
7
citing judgments
Khoday Distilleries Ltd. v. CIT & Anr.
176 Taxmann 142 · 2009 · Supreme Court
6
citing judgments
Vora Financial Services (P.) Ltd. v. Asstt. CIT, Mumbai by the ITAT, Mumbai Bench
171 ITD 646 · 2018 · ITAT
5
citing judgments

Judgments on Section 56(2)(viia)

NEWAGE VINIMAY PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 8(2), KOLKATA

In the result, the appeal filed by the assessee is dismissed

ITA 2307/KOL/2025[2015-2016]Status: DisposedITAT Kolkata11 Feb 2026AY 2015-2016

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 143(2)Section 143(3)Section 250Section 271(1)(c)Section 56(2)Section 56(2)(viia)

GAURAV VINIMAY PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 8(1),, KOLKATA

In the result, the appeal filed by the assessee is dismissed

ITA 2306/KOL/2025[205-2016]Status: DisposedITAT Kolkata10 Feb 2026

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 143(3)Section 250Section 50DSection 56(2)Section 56(2)(viia)

MADHUR COAL MINING PVT. LTD.,KOLKATA vs. D.C.I.T., CIRCLE - 8(1),, KOLKATA

In the result, the appeal filed by the assessee is dismissed

ITA 1784/KOL/2025[2015-2016]Status: DisposedITAT Kolkata02 Jan 2026AY 2015-2016

Bench: Shri George Mathan & Shri Rakesh Mishra

Section 143(2)Section 143(3)Section 250Section 50DSection 56(2)(viia)

BRAWNY NIVESH P.LTD,NEW DELHI vs. ACIT, CENTRAL CIRCLE-13, NEW DELHI

In the result, appeal of the assessee is partly allowed

ITA 571/DEL/2019[2015-16]Status: DisposedITAT Delhi17 Dec 2025AY 2015-16

Bench: Shri Mahavir Singh & Shri Brajesh Kumar Singh

Section 143Section 143(3)Section 3Section 47Section 56Section 56(2)(via)Section 56(2)(viia)

ACIT, CHENNAI vs. UPDATER SERVICES LIMITED, CHENNAI

In the result, the grounds of appeal raised by both the assessee and the Revenue, as well as the grounds raised in the cross-objections filed by the assessee, are treated as allowed for statistical...

ITA 1616/CHNY/2025[2017]Status: DisposedITAT Chennai14 Nov 2025

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunathaआयकर अपील सं./Ita No.:1339 /Chny/2025 िनधा#रण वष# / Assessment Year: 2017-18 M/S. Updater Services Limited (Formerly Dcit, Known As Updater Services Private Vs. Central Circle -2(3), Limited), No.2/302-A, Uds Salai, Chennai. Off Old Mahabalipuram Road, Thoraipakkam, Chennai – 600 097. [Pan:Aaacu-6845-J] (अपीलाथ%/Appellant) (&'थ%/Respondent)

For Appellant: Shri. K. Prasanna, C.AFor Respondent: Ms. E. Pavuna Sundari, C.I.T
Section 115QSection 250Section 263Section 391Section 77A

M/S. UPDATER SERVICES LTD.,CHENNAI vs. DCIT, CENTRAL CIRCLE-2(3), CHENNAI

In the result, the grounds of appeal raised by both the assessee and the Revenue, as well as the grounds raised in the cross-objections filed by the assessee, are treated as allowed for statistical...

ITA 1339/CHNY/2025[2017-18]Status: DisposedITAT Chennai14 Nov 2025AY 2017-18

Bench: Shri S.S. Viswanethra Ravi & Shri S. R. Raghunathaआयकर अपील सं./Ita No.:1339 /Chny/2025 िनधा#रण वष# / Assessment Year: 2017-18 M/S. Updater Services Limited (Formerly Dcit, Known As Updater Services Private Vs. Central Circle -2(3), Limited), No.2/302-A, Uds Salai, Chennai. Off Old Mahabalipuram Road, Thoraipakkam, Chennai – 600 097. [Pan:Aaacu-6845-J] (अपीलाथ%/Appellant) (&'थ%/Respondent)

For Appellant: Shri. K. Prasanna, C.AFor Respondent: Ms. E. Pavuna Sundari, C.I.T
Section 115QSection 250Section 263Section 391Section 77A

SAB DEVELOPERS PRIVATE LIMITED,CHANDIGARH vs. INCOME TAX OFFICER, WARD-5(1), CHANDIGARH, CHANDIGARH

ITA 1071/CHANDI/2025[2011-12]Status: DisposedITAT Chandigarh10 Nov 2025AY 2011-12

Bench: Hon’Ble Shri Rajpal Yadav & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकर अपील सं./ Ita No. 731/Chandi/2025 (िनधा"रण वष" / Assessment Year: 2011-12) M/S Sab Developers Pvt. Ltd. Income Tax Officer Sco 49-50, Madhya Marg Ward 5(1), बनाम/ Vs. Sector-26, Chandigarh-160019 Aaykar Bhawan, R.No.619 Sector 17E, Chandigarh-160017 "ायीलेखासं./जीआइआरसं./Pan/Gir No. Aakcs-6537-P (अपीलाथ"/Appellant) (""थ" / Respondent) : अपीलाथ"कीओरसे/ Appellant By Shri Ashwani Kumar (Ca), Shri Aditya Kumar : (Ca) & Ms. Deepali Aggarwal (Ca) - Ld. Ars ""थ"कीओरसे/Respondent By : Dr. Ranjit Kaur (Addl. Cit) – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 15-10-2025 घोषणाकीतारीख /Date Of Pronouncement : 10/11/2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeal By Assessee For Assessment Year (Ay) 2011-12 Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), Nfac [Cit(A)] Dated 08-07-2025 In The Matter Of An Assessment Framed By Ld. Assessing Officer [Ao] U/S 143(3) R.W.S. 147 Of The Act On 20-12-2016. The Sole Issue That Fall For Our Consideration Is Addition Of Rs.129.11 Lacs As Made By Ld. Ao Invoking The Provisions Of Sec.56(2)(Viia).

For Respondent: Dr. Ranjit Kaur (Addl. CIT) – Ld. Sr. DR
Section 113Section 143(1)Section 143(3)Section 148Section 159Section 56(2)(viia)

SILGATE SOLUTIONS LIMITED,MUMBAI vs. DCIT-3(2)(1), MUMBAI

In the result, the appeal of the assessee is allowed

ITA 5367/MUM/2025[2013-14]Status: DisposedITAT Mumbai04 Nov 2025AY 2013-14

Bench: or at the time of hearing of the matter with the Income Tax Appellate Tribunal." 2. The assessee is a company engaged in the business of international call centre. The assessee filed a return of income for AY 2013-14 on 24.10.2013, declaring total income of Rs.92,36,060/-. The case was selected for scrutiny and statutory notices were duly served on the assessee. During the assessment proceedings the AO noticed that there was change in the shareholding pattern of the assessee wherein the ass

For Appellant: Shri. SwapnilChoudhary Sr. AR
Section 234ASection 250Section 56(2)Section 56(2)(viia)

NAVNIRMAN INFRACON PRIVATE LIMITED,KOLKATA vs. ITO, WARD 10(2), , KOLKATA

In the result, the appeal of the assessee is allowed

ITA 689/KOL/2025[2011-12]Status: DisposedITAT Kolkata28 Oct 2025AY 2011-12

Bench: S/Shriand Rajesh Kumar & Sonjoy Sarma

For Appellant: Shri Manish Tiwari, FCAFor Respondent: Shri Sandeep Kumar Mehta, Addl. Sr. DR
Section 148Section 250Section 56(2)(via)Section 56(2)(viia)

NISHANT PAREKH- LEGAL HEIR OF MINA PAREKH,JAMNAGAR vs. INCOME TAX OFFICER, WARD-1(3), JAMNAGAR

In the result, the appeal of the assessee is allowed

ITA 215/RJT/2025[2015-16]Status: DisposedITAT Rajkot14 Oct 2025AY 2015-16

Bench: Dr. Arjun Lal Saini. आयकरअपीलसं./Ita No.215/Rjt/2025 "नधा"रणवष" / Assessment Year: (2015-2016) Nishant Parekh – Legal Heir Of Vs. Income Tax Officer Mina Parekh Aaykar Bhavan 322 Madhav Square, Opp 361001, Gujrat Avantika Complex, Limda Lane Road, Gujrat-361001 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aanpp9471F (Appellant) (Respondent)

For Appellant: Shri Sagar Shah, Ld. ARFor Respondent: Shri Abhimanyu Singh Yadav, Ld. Sr. DR
Section 10(38)Section 115BSection 147Section 250Section 68

FRAGMENT NIVESH P.LTD,NEW DELHI vs. ACIT, CENTRAL CIRCLE-13, NEW DELHI

In the result, both the appeals of the assessee are allowed

ITA 572/DEL/2019[2015-16]Status: DisposedITAT Delhi30 Sept 2025AY 2015-16

Bench: Shri M Balaganesh & Shri Vimal Kumarassessment Year: 2015-16 M/S. Enormous Nivesh Pvt. Vs. Assistant Commissioner Of Ltd., 1, Zamrudpur Community Income Tax, Central Circle Centre, Kailash Colony, 13, Ara Centre, New Delhi – 1100 48 Jhandewalan Extension, Pan No. Aabcd1454F Delhi -1100 55 (Appellant) (Respondent) Assessment Year: 2015-16 M/S. Fragment Nivesh P. Ltd., Vs. Assistant Commissioner Of 1, Zamrudpur Community Income Tax, Central Circle Centre, Kailash Colony, 13, Ara Centre, New Delhi – 1100 48 Jhandewalan Extension, Pan No. Aaecs5314G Delhi -1100 55 (Appellant) (Respondent)

For Appellant: Shri Manoj Kataruka, AdvFor Respondent: Shri Kumar Avikal Manu, CIT - DR
Section 142(1)Section 143(2)Section 143(3)Section 250(6)Section 56(2)

ENORMOUS NIVESH P.LTD,NEW DELHI vs. ACIT, CENTRAL CIRCLE-13, NEW DELHI

In the result, both the appeals of the assessee are allowed

ITA 570/DEL/2019[2015-16]Status: DisposedITAT Delhi30 Sept 2025AY 2015-16

Bench: Shri M Balaganesh & Shri Vimal Kumarassessment Year: 2015-16 M/S. Enormous Nivesh Pvt. Vs. Assistant Commissioner Of Ltd., 1, Zamrudpur Community Income Tax, Central Circle Centre, Kailash Colony, 13, Ara Centre, New Delhi – 1100 48 Jhandewalan Extension, Pan No. Aabcd1454F Delhi -1100 55 (Appellant) (Respondent) Assessment Year: 2015-16 M/S. Fragment Nivesh P. Ltd., Vs. Assistant Commissioner Of 1, Zamrudpur Community Income Tax, Central Circle Centre, Kailash Colony, 13, Ara Centre, New Delhi – 1100 48 Jhandewalan Extension, Pan No. Aaecs5314G Delhi -1100 55 (Appellant) (Respondent)

For Appellant: Shri Manoj Kataruka, AdvFor Respondent: Shri Kumar Avikal Manu, CIT - DR
Section 142(1)Section 143(2)Section 143(3)Section 250(6)Section 56(2)

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), CHENNAI, CHENNAI vs. DEVANAYAGAM FINANCE PRIVATE LIMITED, KOLKATA

ITA 634/CHNY/2025[2014-15]Status: DisposedITAT Chennai28 Aug 2025AY 2014-15

Bench: Shri Aby T. Varkey & Shri Jagadishआयकर अपील सं./Ita No.634/Chny/2025 िनधा:रण वष: /Assessment Year: 2014-15 The Dy. Commissioner Of Income Devanayagam Finance Pvt. Ltd., Tax, Vs. 3/2, Ground Floor, Central Circle-2(1), Marcus Square, Chennai. Kolkata – 700 007. [Pan: Aabcd 0465C]

For Appellant: Shri Y. Sridhar, F.C.A HIFor Respondent: Ms. E. Pavuna Sundari, CIT
Section 143(3)Section 56(2)

ARUNIMA ADCON SEVICES (P) LTD,NEW DELHI vs. ITO, WARD -3(1), NEW DELHI

In the result, the appeal of the assessee is allowed for statistical purposes

ITA 5444/DEL/2024[2013-14]Status: DisposedITAT Delhi25 Jul 2025AY 2013-14

Bench: SHRI M. BALAGANESH (Accountant Member), SHRI SUDHIR KUMAR (Judicial Member)

Section 234ASection 56Section 68Section 73A

AMAN HOLDINGS PVT LTD,NEW DELHI vs. PR.CIT - 1, DELHI

In the result, the appeal filed by the assessee is allowed

ITA 660/DEL/2021[2015-16]Status: DisposedITAT Delhi23 Jul 2025AY 2015-16

Bench: SHRIS.RIFAUR RAHMAN (Accountant Member), SHRI SUDHIR PAREEK (Judicial Member)

For Appellant: Ms. Meenal Goyal, CAFor Respondent: Ms. Monika Singh, CIT DR
Section 127(2)Section 127(2)(a)Section 143(3)Section 263

DCIT, MUMBAI vs. AACHMAN VANIJYA PRIVATE LIMITED, KOLKATA

In the result, appeal of the revenue and cross-objection by the assessee are dismissed

ITA 385/MUM/2025[2011-12]Status: DisposedITAT Mumbai09 Jul 2025AY 2011-12

Bench: Shri Narendra Kumar Billaiya, Hon’Ble & Shri Sandeep Singh Karhail, Hon’Ble

For Appellant: Shri Dhaval Shah, A/RFor Respondent: Shri Rajesh Kumar Yadav, CIT, D/R
Section 143(3)Section 147Section 148Section 1ISection 263Section 56(2)Section 56(2)(vii)Section 56(2)(viia)

THERMODYNE DYNAMICS PRIVATE LIMITED,HYDERABAD vs. INCOME-TAX OFFICER, WARD -17(3), HYDERABAD

ITA 500/HYD/2024[2013-2014]Status: DisposedITAT Hyderabad03 Jul 2025AY 2013-2014

Bench: Us :

For Appellant: Shri Pawan KumarFor Respondent: Shri B. Balakrishna -CIT-
Section 11USection 143(2)Section 143(3)Section 14ASection 234BSection 56

RISING STAR INVESTMENT,MUMBAI vs. ITO WARD 26(1)(1), MUMBAI

In the result, appeal of the assessee is allowed

ITA 186/MUM/2025[2017-2018]Status: DisposedITAT Mumbai20 Jun 2025AY 2017-2018

Bench: Shri Amit Shukla & Shri Girish Agrawalassessment Year: 2017-18

For Appellant: Shri. Ashwin Chhag, CAFor Respondent: Shri. Mahadevan A.M. Krishanan, Addl. CIT
Section 139(1)Section 143(3)Section 147Section 148Section 148ASection 151Section 56(2)(via)Section 56(2)(viia)

OLYMPUS GLOBAL STOCKS PRIVATE LTD. ,DELHI vs. PCIT DELHI-7, DELHI

In the result, the appeal of the assessee is allowed

ITA 662/DEL/2022[2015-16]Status: DisposedITAT Delhi21 May 2025AY 2015-16

Bench: Shri Shamim Yahya & Shri Vimal Kumara.Yr. : 2015-16 Olympus Global Stocks Vs. Pcit-7, New Delhi Private Ltd., D-248, Office 103, First Floor, Abhishek Business, Central Gali No. 10, Laxmi Nagar, Delhi – 92 (Pan: Aabco0085F) (Appellant) (Respondent)

For Appellant: Shri Salil Kapoor, Adv., Shri AnilFor Respondent: Ms. Amisha S. Gupta, CIT(DR)
Section 143Section 143(3)Section 14ASection 263Section 3Section 56(2)(viia)

SATYASREE KAMINENI,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, appeals filed by the assessee are allowed

ITA 528/HYD/2024[A.Y.2016-17]Status: DisposedITAT Hyderabad20 May 2025

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.528/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2016-17) Satyasree Kamineni Vs. Dy.Commissioner Of Hyderabad Income Tax [Pan :Adopk6338C] Circle-5(1) Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita No.529/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2016-17) Ushasree Bandaru Vs. Dy.Commissioner Of Hyderabad Income Tax [Pan :Acepb2973M] Circle-5(1) Hyderabad निर्धाररती द्वधरध/Assessee By: Shri K.C.Devdas, Ar रधजस् व द्वधरध/Revenue By: Shri B.Bala Krishna, Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 01/05/2025 घोर्णध की तधरीख/ 21/05/2025 Date Of Pronouncement: आदेश / Order Per Vijay Pal Rao: These Two Appeals Filed By The Two Related Assessees Are Directed Against Two Separate Orders Of Principal Commissioner Of Income Tax (“Ld.Pcit”) Both Dated 26.03.2024 Passed U/S 263 The Income Tax Act, 1961 (“The Act”) For The Assessment Year 2016-17. Identical Grounds Have Been Raised By Both The Assessees. The Grounds Raised In The Ita No.528/Hyd/2024 Are Reproduced As Under :

For Appellant: Shri K.C.Devdas, ARFor Respondent: Shri B.Bala Krishna, CIT-DR
Section 142(1)Section 147Section 148Section 263Section 56(2)(vii)

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