https://www.taxtmi.com/caselaws?id=325465 The Tribunal allowed the appeals of both assessees, deleting the additions made under Section 2(22)(e) for both the Rs. 20,00,000 received from M/s. GAD Fashions (India) Pvt. Ltd. and the Rs. 4,42,800 treated as deemed dividend from M/s. Ecotunes India Pvt. Ltd. The Tribunal concluded that the transactions were not loans or advances but business-related transactions, and thus, Section 2(22)(e) was not applicable. en-us Fri, 12 Feb 2016 00:00:00 +0530 Sat, 19 Mar 2016 08:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325465 The Tribunal allowed the appeals of both assessees, deleting the additions made under Section 2(22)(e) for both the Rs. 20,00,000 received from M/s. GAD Fashions (India) Pvt. Ltd. and the Rs. 4,42,800 treated as deemed dividend from M/s. Ecotunes India Pvt. Ltd. The Tribunal concluded that the transactions were not loans or advances but business-related transactions, and thus, Section 2(22)(e) was not applicable. Case-Laws Income Tax Fri, 12 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325465