https://www.taxtmi.com/caselaws?id=179189 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 58,40,226 out of interest claimed by the Assessing Officer, as the appellant had charged interest on certain loans and advances. Additionally, the Tribunal agreed with the CIT(A) in deleting the Rs. 1,74,27,588 deemed dividend addition under section 2(22)(e), as the transactions were adjustment entries due to a proposed demerger with no actual flow of funds. The Tribunal found no violation of Rule 46A in accepting additional evidence during the appellate proceedings. The Revenue's appeal was dismissed, and the CIT(A)'s order was upheld. en-us Fri, 21 Oct 2011 00:00:00 +0530 Mon, 22 Feb 2016 17:41:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179189 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 58,40,226 out of interest claimed by the Assessing Officer, as the appellant had charged interest on certain loans and advances. Additionally, the Tribunal agreed with the CIT(A) in deleting the Rs. 1,74,27,588 deemed dividend addition under section 2(22)(e), as the transactions were adjustment entries due to a proposed demerger with no actual flow of funds. The Tribunal found no violation of Rule 46A in accepting additional evidence during the appellate proceedings. The Revenue's appeal was dismissed, and the CIT(A)'s order was upheld. Case-Laws Income Tax Fri, 21 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179189