https://www.taxtmi.com/caselaws?id=180585 The Tribunal dismissed the revenue's appeal and allowed the assessee's cross-objection. It held that the amount received from the group company did not qualify as deemed dividend under Section 2(22)(e) of the Income Tax Act. Additionally, the disallowance under Section 14A was deemed unjustified due to the absence of recorded satisfaction by the Assessing Officer. en-us Mon, 09 Mar 2015 00:00:00 +0530 Wed, 30 Mar 2016 10:25:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180585 The Tribunal dismissed the revenue's appeal and allowed the assessee's cross-objection. It held that the amount received from the group company did not qualify as deemed dividend under Section 2(22)(e) of the Income Tax Act. Additionally, the disallowance under Section 14A was deemed unjustified due to the absence of recorded satisfaction by the Assessing Officer. Case-Laws Income Tax Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180585