https://www.taxtmi.com/caselaws?id=259843 The Income Tax Appellate Tribunal upheld the addition of Rs. 2,40,00,000 under Section 68 for failure to establish the creditworthiness of loan creditors. However, the Tribunal deleted the addition of Rs. 96,98,457 as deemed dividend under Section 2(22)(e), ruling it unsustainable. The appeal was partly allowed, with the decision announced on 07/05/2015. en-us Thu, 07 May 2015 00:00:00 +0530 Sat, 23 May 2015 19:06:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259843 The Income Tax Appellate Tribunal upheld the addition of Rs. 2,40,00,000 under Section 68 for failure to establish the creditworthiness of loan creditors. However, the Tribunal deleted the addition of Rs. 96,98,457 as deemed dividend under Section 2(22)(e), ruling it unsustainable. The appeal was partly allowed, with the decision announced on 07/05/2015. Case-Laws Income Tax Thu, 07 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259843