https://www.taxtmi.com/caselaws?id=213915 The Tribunal ruled in favor of the assessee, determining that the loans received from its subsidiaries were not deemed dividends under Section 2(22)(e) of the Income-tax Act, 1961. The reassessment proceedings initiated under Section 147 were considered unjustified as the primary issue was decided in favor of the assessee. Additionally, the Tribunal allowed a retired ITAT member to practice before it, following a stay granted by the Allahabad High Court, dismissing the stay petitions filed by the assessee as infructuous. en-us Tue, 13 Mar 2012 00:00:00 +0530 Tue, 12 Jun 2012 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213915 The Tribunal ruled in favor of the assessee, determining that the loans received from its subsidiaries were not deemed dividends under Section 2(22)(e) of the Income-tax Act, 1961. The reassessment proceedings initiated under Section 147 were considered unjustified as the primary issue was decided in favor of the assessee. Additionally, the Tribunal allowed a retired ITAT member to practice before it, following a stay granted by the Allahabad High Court, dismissing the stay petitions filed by the assessee as infructuous. Case-Laws Income Tax Tue, 13 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213915