https://www.taxtmi.com/caselaws?id=257552 The Tribunal upheld the CIT(A)'s decision to delete the additions under Sections 2(22)(e) and 40(a)(ia) of the Income Tax Act, 1961. It ruled that deemed dividend under Section 2(22)(e) could only be taxed in the hands of the registered shareholder and that disallowance under Section 40(a)(ia) did not apply to amounts already paid during the financial year. en-us Fri, 13 Feb 2015 00:00:00 +0530 Mon, 02 Mar 2015 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257552 The Tribunal upheld the CIT(A)'s decision to delete the additions under Sections 2(22)(e) and 40(a)(ia) of the Income Tax Act, 1961. It ruled that deemed dividend under Section 2(22)(e) could only be taxed in the hands of the registered shareholder and that disallowance under Section 40(a)(ia) did not apply to amounts already paid during the financial year. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257552