https://www.taxtmi.com/caselaws?id=326193 The Tribunal allowed the appeal, ruling that the redemption of preference shares did not lead to a reduction in authorized share capital, thus not constituting deemed dividend under section 2(22)(d). The addition of Rs. 20,74,170 was deleted as there was no distribution of accumulated profits. The issue of exemption under section 10(34) was not addressed as it became unnecessary following the deletion of the primary addition. en-us Wed, 06 Apr 2016 00:00:00 +0530 Fri, 08 Apr 2016 21:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326193 The Tribunal allowed the appeal, ruling that the redemption of preference shares did not lead to a reduction in authorized share capital, thus not constituting deemed dividend under section 2(22)(d). The addition of Rs. 20,74,170 was deleted as there was no distribution of accumulated profits. The issue of exemption under section 10(34) was not addressed as it became unnecessary following the deletion of the primary addition. Case-Laws Income Tax Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326193