https://www.taxtmi.com/caselaws?id=69991 The Tribunal upheld the validity of reopening the assessment but annulled the treatment of the loan as deemed dividend due to lack of accumulated profits. It also confirmed the computation of capital gains without deducting the loan amount. The appeal was partly allowed based on these findings. en-us Thu, 31 Aug 1989 00:00:00 +0530 Mon, 13 Jun 2011 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69991 The Tribunal upheld the validity of reopening the assessment but annulled the treatment of the loan as deemed dividend due to lack of accumulated profits. It also confirmed the computation of capital gains without deducting the loan amount. The appeal was partly allowed based on these findings. Case-Laws Income Tax Thu, 31 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69991