https://www.taxtmi.com/caselaws?id=119704 The appeal was partly allowed, reversing the deletion of the deemed dividend addition under section 2(22)(e) of the Income Tax Act, 1961, and upholding the charging of interest under sections 234A and 234B. The Tribunal held that the loan amount received should be treated as deemed dividend as the accumulated profits of the company exceeded the loan amount. en-us Fri, 05 Jan 2007 00:00:00 +0530 Thu, 12 Jul 2012 16:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119704 The appeal was partly allowed, reversing the deletion of the deemed dividend addition under section 2(22)(e) of the Income Tax Act, 1961, and upholding the charging of interest under sections 234A and 234B. The Tribunal held that the loan amount received should be treated as deemed dividend as the accumulated profits of the company exceeded the loan amount. Case-Laws Income Tax Fri, 05 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119704