https://www.taxtmi.com/caselaws?id=258669 The High Court affirmed the Tribunal's decision in a case concerning the addition of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961. The Court found that the amount in question was rightfully treated as share application money rather than loans and advances, based on the documentary evidence provided by the assessee. The Court concluded that the Tribunal's findings were well-founded and dismissed the Revenue's appeal, stating that no substantial question of law arose. en-us Wed, 08 Apr 2015 00:00:00 +0530 Thu, 16 Apr 2015 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258669 The High Court affirmed the Tribunal's decision in a case concerning the addition of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961. The Court found that the amount in question was rightfully treated as share application money rather than loans and advances, based on the documentary evidence provided by the assessee. The Court concluded that the Tribunal's findings were well-founded and dismissed the Revenue's appeal, stating that no substantial question of law arose. Case-Laws Income Tax Wed, 08 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258669