Urja Global Ltd

💰 Urja Global Subsidiary Wins Key Tax Case – Rs. 42.9 Crore Addition Deleted

- CIT(A) ruled in favor of Sahu Minerals & Properties Ltd (Urja Global subsidiary).

- Rs. 42.9 crore addition under Section 56(2)(viib) deleted for alleged excess share premium.

- DVO valuation report confirmed share price of Rs. 550, aligning with property-based valuation of Rs. 22.55 crore.

- Appeal filed on 29/01/2020 against assessment order dated 21/12/2019 (AY 2014-15).

- No material financial or operational impact on the company.