https://www.taxtmi.com/caselaws?id=247077 The Tribunal set aside the Commissioner's order under section 263 of the Income Tax Act, ruling that the Assessing Officer had properly considered the issue of deemed dividend income. The Tribunal found no grounds for the penalty imposed under section 271(1)(c) of the Act, deleting it after allowing the appeals filed by the assessee. en-us Tue, 22 Apr 2014 00:00:00 +0530 Thu, 01 May 2014 08:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247077 The Tribunal set aside the Commissioner's order under section 263 of the Income Tax Act, ruling that the Assessing Officer had properly considered the issue of deemed dividend income. The Tribunal found no grounds for the penalty imposed under section 271(1)(c) of the Act, deleting it after allowing the appeals filed by the assessee. Case-Laws Income Tax Tue, 22 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247077