Dr. M. Govindarajan

Dr. M. Govindarajan is now a practising Company Secretary and Insolvency Professional. He worked in the Department of Telecom and BSNL for nearly 39 years. He retired as Accounts Officer with effect from 31.03.2018. His main area is handling litigation in all Civil Courts including High Courts. He handled service tax matters. His articles (nearly 3000) have been published in various law journals and professional journals. He has written 5 professional books. Native of Madurai in Tamil Nadu.

AO Can’t Reject DCF Share Valuation and Substitute NAV Method for Section 56(2)(viib) Addition: ITAT

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that an Assessing Officer (AO) cannot discard a taxpayer's valuation of shares carried out under the Discounted Cash Flow (DCF) method and replace it with the Net Asset Value (NAV) method merely...

Marriage Gifts and Household Cash Retention Can’t Be Rejected on Mere Suspicion: ITAT Deletes Demonetisation Addition

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that cash received as marriage gifts and retained at home for genuine household and medical contingencies cannot be treated as unexplained money merely because it was deposited several months later during the...
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AO Can’t Reject DCF Share Valuation and Substitute NAV Method for Section 56(2)(viib) Addition: ITAT

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