https://www.taxtmi.com/caselaws?id=265712 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decisions to delete the addition under section 2(22)(e) of the Act and the addition related to the valuation of concrete sleepers. The ITAT concurred with the CIT(A)'s findings that the conditions for deeming the amount as dividend were not met as the shareholder did not have substantial interest in the assessee company, and that the rejected concrete sleepers had no market value due to their limited saleability. en-us Fri, 27 Jun 2014 00:00:00 +0530 Thu, 15 Oct 2015 06:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265712 The ITAT dismissed the revenue's appeal, upholding the CIT(A)'s decisions to delete the addition under section 2(22)(e) of the Act and the addition related to the valuation of concrete sleepers. The ITAT concurred with the CIT(A)'s findings that the conditions for deeming the amount as dividend were not met as the shareholder did not have substantial interest in the assessee company, and that the rejected concrete sleepers had no market value due to their limited saleability. Case-Laws Income Tax Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265712