https://www.taxtmi.com/caselaws?id=219827 The Tribunal upheld the legal validity of reopening the assessment under section 147 due to the assessee's failure to disclose all material facts fully and truly. Regarding the addition made as deemed dividend under section 2(22)(e), the Tribunal confirmed the addition of Rs. 97,91,884 as deemed dividend, considering only the accumulated profits up to 31.3.2001, and deleted the balance addition. The appeal of the assessee was partly allowed. en-us Fri, 21 Sep 2012 00:00:00 +0530 Sat, 25 May 2013 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219827 The Tribunal upheld the legal validity of reopening the assessment under section 147 due to the assessee's failure to disclose all material facts fully and truly. Regarding the addition made as deemed dividend under section 2(22)(e), the Tribunal confirmed the addition of Rs. 97,91,884 as deemed dividend, considering only the accumulated profits up to 31.3.2001, and deleted the balance addition. The appeal of the assessee was partly allowed. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219827