आदेश/Order

PER LALIET KUMAR, J.M:

This is an appeal filed by the Assessee against the order of the Ld. CIT(A)-5, Ludhiana dt. 18/02/2024 pertaining to Assessment Year 2013-14.

2. In the present appeal Assessee has raised the following grounds:

The Learned CIT (A) has erred in passing an ex parte order without giving reasonable opportunity to the appellant

2. That the Learned CIT (A) has erred in making an addition in the Case of the Assessee on account of unexplained investment under Section 69 of the Income Tax Act, 1961 .

3. That no reasonable opportunity has been afforded to the Assessee to represent his Case.

4. Learned Ld. AO has erred in making addition of INR. 77,25,000/- as per para 4.6 of the order on account of share issued at premium more than fair market value of share.

5. Ld. AO has erred in calculating the fair market value of unquoted equity shares of the appellant company. Valuation of shares for the purpose of Section 56 (2)(viib) of the Income Tax Act, 1961 has been incorrectly calculated by the Ld. AO and the addition has been made to the total income under this section.

6. Learned Ld. AO in its original order has erred in making addition of Rs. 77,25,000/- u/s 56(2)(vi