https://www.taxtmi.com/caselaws?id=246994 The Tribunal upheld the deletion of deemed dividend income of Rs. 8 lacs under section 2(22)(e) of the IT Act, as the loan in question was not received during the relevant year. Additionally, the Tribunal confirmed the disallowance of operating expenses at Rs. 1,28,000 under section 14A of the Act, following Rule 8D. The Revenue's appeal challenging both issues was dismissed. en-us Thu, 17 Apr 2014 00:00:00 +0530 Tue, 29 Apr 2014 06:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246994 The Tribunal upheld the deletion of deemed dividend income of Rs. 8 lacs under section 2(22)(e) of the IT Act, as the loan in question was not received during the relevant year. Additionally, the Tribunal confirmed the disallowance of operating expenses at Rs. 1,28,000 under section 14A of the Act, following Rule 8D. The Revenue's appeal challenging both issues was dismissed. Case-Laws Income Tax Thu, 17 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246994