Assessee can issue a Corrigendum in case there is an error in arriving at the FMV of shares
Last updated: 24 July 2021
Court :
ITAT Bangalore
Brief :
The appeal filed by the assessee is directed against the order dated 21.03.2019 passed by Ld CIT(A)-3, Bengaluru and it relates to the assessment year 2015-16. All the grounds urged by the assessee relate to the addition of Rs.16.20 crores made by the AO u/s 56(2)(viib) of the Income-tax Act,1961 ['the Act' for short].
Citation :
ITA No.882/Bang/2019
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Published in Income Tax
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