https://www.taxtmi.com/caselaws?id=176684 The Tribunal upheld the Commissioner of Income Tax (Appeals) order regarding the addition under Section 2(22)(e) of the Income-tax Act, 1961, ruling that the inflated purchase amounts did not meet the criteria for being deemed as dividend. However, the Tribunal remitted the issue of addition under Section 69 of the Act back to the Assessing Officer for further investigation into the source of funds for property investments, allowing the assessee a fair opportunity to substantiate their claims. The Revenue's appeal was partially allowed for statistical purposes. en-us Fri, 29 May 2015 00:00:00 +0530 Sat, 26 Dec 2015 13:28:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176684 The Tribunal upheld the Commissioner of Income Tax (Appeals) order regarding the addition under Section 2(22)(e) of the Income-tax Act, 1961, ruling that the inflated purchase amounts did not meet the criteria for being deemed as dividend. However, the Tribunal remitted the issue of addition under Section 69 of the Act back to the Assessing Officer for further investigation into the source of funds for property investments, allowing the assessee a fair opportunity to substantiate their claims. The Revenue's appeal was partially allowed for statistical purposes. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176684