https://www.taxtmi.com/caselaws?id=243828 The Tribunal dismissed the first ground of the Assessee, holding that the amount received from the company should be considered as deemed dividend under Section 2(22)(e) of the Income Tax Act. However, the second ground regarding the denial of deduction for interest paid on borrowings used for housing loan repayment was remitted back to the Assessing Officer for re-examination, allowing the Assessee to submit necessary evidence. The appeal was partly allowed for statistical purposes, with the order pronounced on 07-02-2014. en-us Fri, 07 Feb 2014 00:00:00 +0530 Tue, 11 Feb 2014 06:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243828 The Tribunal dismissed the first ground of the Assessee, holding that the amount received from the company should be considered as deemed dividend under Section 2(22)(e) of the Income Tax Act. However, the second ground regarding the denial of deduction for interest paid on borrowings used for housing loan repayment was remitted back to the Assessing Officer for re-examination, allowing the Assessee to submit necessary evidence. The appeal was partly allowed for statistical purposes, with the order pronounced on 07-02-2014. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243828