https://www.taxtmi.com/caselaws?id=244563 The Tribunal upheld the CIT(A)'s decision, ruling that Inter-Corporate Deposits (ICDs) should not be considered as deemed dividends under section 2(22)(e) of the Income Tax Act. It clarified that the provisions only apply to shareholders, not concerns where the shareholder has a substantial interest. The Revenue's appeal was dismissed, affirming the CIT(A)'s order and aligning with established judicial precedents and Tribunal decisions. en-us Mon, 17 Feb 2014 00:00:00 +0530 Sat, 01 Mar 2014 11:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244563 The Tribunal upheld the CIT(A)'s decision, ruling that Inter-Corporate Deposits (ICDs) should not be considered as deemed dividends under section 2(22)(e) of the Income Tax Act. It clarified that the provisions only apply to shareholders, not concerns where the shareholder has a substantial interest. The Revenue's appeal was dismissed, affirming the CIT(A)'s order and aligning with established judicial precedents and Tribunal decisions. Case-Laws Income Tax Mon, 17 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244563