https://www.taxtmi.com/caselaws?id=216951 The Tribunal ruled in favor of the assessee, stating that the sum received from a company in which the assessee held shares was not deemed dividend under section 2(22)(e) as it was in the ordinary course of the company's business. Additionally, the Tribunal upheld the Commissioner's decision to delete the addition of cash credit under section 68, emphasizing the lack of evidence disputing the source of cash deposits. The assessee's appeal was allowed for the section 2(22)(e) addition, while the Revenue's appeal for the cash credit addition was dismissed. en-us Fri, 06 Jul 2012 00:00:00 +0530 Mon, 21 Jan 2013 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216951 The Tribunal ruled in favor of the assessee, stating that the sum received from a company in which the assessee held shares was not deemed dividend under section 2(22)(e) as it was in the ordinary course of the company's business. Additionally, the Tribunal upheld the Commissioner's decision to delete the addition of cash credit under section 68, emphasizing the lack of evidence disputing the source of cash deposits. The assessee's appeal was allowed for the section 2(22)(e) addition, while the Revenue's appeal for the cash credit addition was dismissed. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216951