https://www.taxtmi.com/caselaws?id=205390 The Tribunal allowed the appeal of the assessee for statistical purposes, directing the CIT(A) to reconsider the assertion that money lending constituted a substantial part of M/s MGS India Pvt. Ltd.'s business, potentially exempting the appellant company from deemed dividend taxation under section 2(22)(e)(ii) of the Income Tax Act. The Tribunal emphasized the need for a thorough examination of this legal issue, remitting the matter back to the CIT(A) for further consideration. en-us Fri, 29 Oct 2010 00:00:00 +0530 Sat, 03 Sep 2011 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205390 The Tribunal allowed the appeal of the assessee for statistical purposes, directing the CIT(A) to reconsider the assertion that money lending constituted a substantial part of M/s MGS India Pvt. Ltd.'s business, potentially exempting the appellant company from deemed dividend taxation under section 2(22)(e)(ii) of the Income Tax Act. The Tribunal emphasized the need for a thorough examination of this legal issue, remitting the matter back to the CIT(A) for further consideration. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205390