https://www.taxtmi.com/caselaws?id=180820 The Tribunal dismissed all appeals by the revenue and the assessee, upholding the CIT(A)'s decisions. It confirmed the inclusion of current year's profits in accumulated profits for the application of section 2(22)(e), excluded share premium from accumulated profits for computing deemed dividend, and determined that debit balances in trading transactions were not loans or advances under section 2(22)(e). The Tribunal relied on legislative definitions and previous case law to support its rulings. en-us Wed, 09 Feb 2011 00:00:00 +0530 Sat, 02 Apr 2016 11:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180820 The Tribunal dismissed all appeals by the revenue and the assessee, upholding the CIT(A)'s decisions. It confirmed the inclusion of current year's profits in accumulated profits for the application of section 2(22)(e), excluded share premium from accumulated profits for computing deemed dividend, and determined that debit balances in trading transactions were not loans or advances under section 2(22)(e). The Tribunal relied on legislative definitions and previous case law to support its rulings. Case-Laws Income Tax Wed, 09 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180820