https://www.taxtmi.com/caselaws?id=220321 The Tribunal allowed the Revenue's appeals, reinstating the additions made by the assessing officer under Section 2(22)(e) of the Income Tax Act as deemed dividends. The cross-objections by the assessees were dismissed, emphasizing the strict interpretation of the provision and the requirement for conclusive evidence to substantiate claims of property mortgages for company loans. The Tribunal also upheld the validity of the notice issued under Section 148 for reopening the assessment. en-us Fri, 14 Dec 2012 00:00:00 +0530 Sun, 20 Jan 2013 19:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220321 The Tribunal allowed the Revenue's appeals, reinstating the additions made by the assessing officer under Section 2(22)(e) of the Income Tax Act as deemed dividends. The cross-objections by the assessees were dismissed, emphasizing the strict interpretation of the provision and the requirement for conclusive evidence to substantiate claims of property mortgages for company loans. The Tribunal also upheld the validity of the notice issued under Section 148 for reopening the assessment. Case-Laws Income Tax Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220321