https://www.taxtmi.com/caselaws?id=120008 The appeal was partly allowed by the Tribunal. The assessment under section 143(3) was validated, and the disallowances of Rs. 2,000 treated as a donation and Rs. 1,35,595 for expenses incurred through credit card were upheld. However, the addition of Rs. 60,22,000 as deemed dividend under section 2(22)(e) was deleted, as the provisions were deemed inapplicable. en-us Fri, 25 Aug 2006 00:00:00 +0530 Mon, 11 Mar 2024 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120008 The appeal was partly allowed by the Tribunal. The assessment under section 143(3) was validated, and the disallowances of Rs. 2,000 treated as a donation and Rs. 1,35,595 for expenses incurred through credit card were upheld. However, the addition of Rs. 60,22,000 as deemed dividend under section 2(22)(e) was deleted, as the provisions were deemed inapplicable. Case-Laws Income Tax Fri, 25 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120008