https://www.taxtmi.com/caselaws?id=251146 The tribunal's decision in the case held that the expenses incurred by a company on the construction and renovation of premises owned by a shareholder did not qualify as deemed dividend under section 2(22)(e) of the Income Tax Act. The court supported the tribunal's ruling, emphasizing that the expenditure did not amount to a payment to the shareholder for their individual benefit, as required by the provision. The appeal challenging this decision was dismissed, with the court finding no legal fault in the tribunal's order. en-us Mon, 01 Sep 2014 00:00:00 +0530 Fri, 10 Oct 2014 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251146 The tribunal's decision in the case held that the expenses incurred by a company on the construction and renovation of premises owned by a shareholder did not qualify as deemed dividend under section 2(22)(e) of the Income Tax Act. The court supported the tribunal's ruling, emphasizing that the expenditure did not amount to a payment to the shareholder for their individual benefit, as required by the provision. The appeal challenging this decision was dismissed, with the court finding no legal fault in the tribunal's order. Case-Laws Income Tax Mon, 01 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251146