Assessing Officer cannot reject valid DCF valuation, treat resident shareholders differently, or disallow operational interest and marketing expenses based merely on non-receipt of an occupancy certificate.
Assessing Officer cannot reject valid DCF valuation, treat resident shareholders differently, or disallow operational interest and marketing expenses based merely on non-receipt of an occupancy certificate. Issue Whether the Assessing Officer (AO) can summarily reject a valid DCF valuation method prescribed under Rule 11UA to make additions under Section 56(2)(viib) on shares issued to resident… Read More »