https://www.taxtmi.com/caselaws?id=68815 The Tribunal upheld the validity of the notice under section 148, the addition of deemed dividend under section 2(22)(e), and the reassessment framed by the Assessing Officer. It found that the MOU between the company and the assessee was a device to transfer money to the assessee for his benefit, confirming the lower authorities' decisions. The reassessment was deemed not contrary to the law, dismissing the appeals for the assessment years 2000-01 and 2001-02. en-us Fri, 23 May 2008 00:00:00 +0530 Mon, 13 Jun 2011 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68815 The Tribunal upheld the validity of the notice under section 148, the addition of deemed dividend under section 2(22)(e), and the reassessment framed by the Assessing Officer. It found that the MOU between the company and the assessee was a device to transfer money to the assessee for his benefit, confirming the lower authorities' decisions. The reassessment was deemed not contrary to the law, dismissing the appeals for the assessment years 2000-01 and 2001-02. Case-Laws Income Tax Fri, 23 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68815