https://www.taxtmi.com/caselaws?id=210798 The Tribunal partly allowed the appeal, directing fresh adjudication on the deemed dividend issue and instructing the allowance of the Provident Fund contribution deduction. The disallowance of expenses related to increasing share capital was upheld, and the interest levy under sections 234B and 234C was deemed consequential. The Tribunal emphasized the need for clear facts and proper opportunity for the assessee to present its case regarding the deemed dividend issue, remanding the matter back to the Assessing Officer for further examination. en-us Fri, 06 Jan 2012 00:00:00 +0530 Wed, 22 Feb 2012 07:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210798 The Tribunal partly allowed the appeal, directing fresh adjudication on the deemed dividend issue and instructing the allowance of the Provident Fund contribution deduction. The disallowance of expenses related to increasing share capital was upheld, and the interest levy under sections 234B and 234C was deemed consequential. The Tribunal emphasized the need for clear facts and proper opportunity for the assessee to present its case regarding the deemed dividend issue, remanding the matter back to the Assessing Officer for further examination. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210798