https://www.taxtmi.com/caselaws?id=272361 The Tribunal upheld its original order, rejecting the appellant's arguments on the deemed dividend issue and the application of Explanation 3(b) to section 2(22)(e) of the Act. Emphasizing the need for clear errors to rectify an order under section 254(2) of the Act, the Tribunal found no such errors present. The Tribunal dismissed the miscellaneous petition and stay petition, maintaining its decision against the assessee. en-us Fri, 16 Oct 2015 00:00:00 +0530 Mon, 07 Mar 2016 06:31:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272361 The Tribunal upheld its original order, rejecting the appellant's arguments on the deemed dividend issue and the application of Explanation 3(b) to section 2(22)(e) of the Act. Emphasizing the need for clear errors to rectify an order under section 254(2) of the Act, the Tribunal found no such errors present. The Tribunal dismissed the miscellaneous petition and stay petition, maintaining its decision against the assessee. Case-Laws Income Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272361