https://www.taxtmi.com/caselaws?id=69703 The Tribunal allowed the appeal, concluding that M/s. Sivasubramaniam Pvt. Ltd. was engaged in money-lending activities. Consequently, the advance received by the assessee was not treated as deemed dividend under s. 2(6A)(e) of the Indian IT Act, 1922. The Tribunal set aside the inclusion of the sum as deemed dividend, granting the assessee the benefit of the relevant provision. en-us Sat, 22 Jul 1978 00:00:00 +0530 Fri, 20 Dec 2024 14:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69703 The Tribunal allowed the appeal, concluding that M/s. Sivasubramaniam Pvt. Ltd. was engaged in money-lending activities. Consequently, the advance received by the assessee was not treated as deemed dividend under s. 2(6A)(e) of the Indian IT Act, 1922. The Tribunal set aside the inclusion of the sum as deemed dividend, granting the assessee the benefit of the relevant provision. Case-Laws Income Tax Sat, 22 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69703