https://www.taxtmi.com/caselaws?id=269459 The Tribunal upheld the CIT(A)'s decision to delete an addition made under Section 2(22)(e) of the Income Tax Act, 1961, amounting to Rs. 53,29,843. The Tribunal found that the transactions between the assessee and the company were part of a running account involving salary payments in the ordinary course of business, not falling under the purview of deemed dividends. The appeal by the Revenue was dismissed, affirming the deletion of the addition. en-us Wed, 23 Sep 2015 00:00:00 +0530 Wed, 10 Apr 2019 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269459 The Tribunal upheld the CIT(A)'s decision to delete an addition made under Section 2(22)(e) of the Income Tax Act, 1961, amounting to Rs. 53,29,843. The Tribunal found that the transactions between the assessee and the company were part of a running account involving salary payments in the ordinary course of business, not falling under the purview of deemed dividends. The appeal by the Revenue was dismissed, affirming the deletion of the addition. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269459