https://www.taxtmi.com/caselaws?id=122977 The Tribunal allowed the appeal of the assessee, ruling that the penalty under section 271(1)(c) was unwarranted as there was no concealment of income or furnishing of inaccurate particulars. Additionally, the provisions of section 2(22)(e) regarding deemed dividend were deemed inapplicable to the assessee, who was not a registered shareholder. The Tribunal referenced legal interpretations and precedents to support its decision. en-us Thu, 03 Feb 2011 00:00:00 +0530 Fri, 24 Aug 2012 10:55:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122977 The Tribunal allowed the appeal of the assessee, ruling that the penalty under section 271(1)(c) was unwarranted as there was no concealment of income or furnishing of inaccurate particulars. Additionally, the provisions of section 2(22)(e) regarding deemed dividend were deemed inapplicable to the assessee, who was not a registered shareholder. The Tribunal referenced legal interpretations and precedents to support its decision. Case-Laws Income Tax Thu, 03 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122977