https://www.taxtmi.com/caselaws?id=176572 The Tribunal partially allowed the appeal, determining that only the Rs. 1 lakh debit balance qualified as deemed dividend under Section 2(22)(e), reducing the addition from Rs. 45,36,024 to Rs. 1,00,000. The transactions related to audit fees, repayment of advances, and cheque discounting were not considered loans falling under the said section. The decision was rendered on 21st October 2014. en-us Tue, 21 Oct 2014 00:00:00 +0530 Thu, 24 Dec 2015 23:11:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176572 The Tribunal partially allowed the appeal, determining that only the Rs. 1 lakh debit balance qualified as deemed dividend under Section 2(22)(e), reducing the addition from Rs. 45,36,024 to Rs. 1,00,000. The transactions related to audit fees, repayment of advances, and cheque discounting were not considered loans falling under the said section. The decision was rendered on 21st October 2014. Case-Laws Income Tax Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176572