https://www.taxtmi.com/caselaws?id=178855 Advances received under a genuine commercial arrangement for machinery installation, job work expansion and mutual business advantage were held outside deemed dividend treatment, because the payments were linked to business expediency and not to any personal benefit or colourable loan within section 2(22)(e) of the Income-tax Act. The challenge to the assessment based on directions under section 144A also failed, as those directions were treated as permissible lines of investigation and no material illegality in the assessment process was shown. en-us Thu, 18 Apr 2013 00:00:00 +0530 Fri, 05 Aug 2022 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178855 Advances received under a genuine commercial arrangement for machinery installation, job work expansion and mutual business advantage were held outside deemed dividend treatment, because the payments were linked to business expediency and not to any personal benefit or colourable loan within section 2(22)(e) of the Income-tax Act. The challenge to the assessment based on directions under section 144A also failed, as those directions were treated as permissible lines of investigation and no material illegality in the assessment process was shown. Case-Laws Income Tax Thu, 18 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178855