ORDER

PER MANISH AGARWAL, AM :

The present appeal is filed by assessee against the order dated 17.06.2025 passed by Ld. Commissioner of Income Tax (A)-30, New Delhi [“Ld. CIT(A)”] in Appeal No. CIT(A), Delhi-5/10256/2017-18 u/s 250 of the Income Tax Act, 1961 [“the Act”] arising out of assessment order dated 29.12.2017 passed u/s 143(3) of the Act pertaining to Assessment Year 2015-16.

2. Brief facts of the case are that assessee company has filed its return of income on 28.09.2015, declaring total income of INR 5,09,130/-. The case was selected under limited scrutiny and notice u/s 143(2) followed by statutory notices issued u/s 142(1) were issued from time to time. In response, assessee filed submissions and relevant details alongwith evidences. The AO observed that the assessee issued 8,40,000 equity shares of INR 10/- each at a premium of INR 490/- each and the valuation of shares was done by following DCF method. However, the AO rejected the method of valuation of share adopted by the assessee and re-computed the value per share at INR 50.35 per share as per NAV method and made addition of differential amount of INR 37,77,06,000/- u/s 56(2)(viib) of the Act.

3. Against the said or