https://www.taxtmi.com/caselaws?id=219856 The ITAT partially allowed the appeal regarding the disallowance of expenses under section 14A, directing the AO to recompute the disallowance on a reasonable basis. Additionally, the ITAT ruled in favor of the appellant on the treatment of loans as deemed dividend under section 2(22)(e), deleting the deemed dividend addition. The judgments were based on the interpretation of legal provisions and precedents, ensuring a fair outcome for the appellant in both issues raised. en-us Fri, 23 Nov 2012 00:00:00 +0530 Sat, 29 Dec 2012 06:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219856 The ITAT partially allowed the appeal regarding the disallowance of expenses under section 14A, directing the AO to recompute the disallowance on a reasonable basis. Additionally, the ITAT ruled in favor of the appellant on the treatment of loans as deemed dividend under section 2(22)(e), deleting the deemed dividend addition. The judgments were based on the interpretation of legal provisions and precedents, ensuring a fair outcome for the appellant in both issues raised. Case-Laws Income Tax Fri, 23 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219856