https://www.taxtmi.com/caselaws?id=181754 In the case, for Assessment Year 2001-02, the appeal was dismissed as the advance received by the assessee was treated as deemed dividend under Section 2(22)(e) of the Income Tax Act. However, for Assessment Years 2002-03 to 2007-08, the Tribunal partly allowed the appeals by reversing the applicability of Section 2(22)(e) and allowing the bad debts written off. The levy of interest under Section 234B was upheld for all years. en-us Thu, 04 Nov 2010 00:00:00 +0530 Sat, 23 Apr 2016 15:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181754 In the case, for Assessment Year 2001-02, the appeal was dismissed as the advance received by the assessee was treated as deemed dividend under Section 2(22)(e) of the Income Tax Act. However, for Assessment Years 2002-03 to 2007-08, the Tribunal partly allowed the appeals by reversing the applicability of Section 2(22)(e) and allowing the bad debts written off. The levy of interest under Section 234B was upheld for all years. Case-Laws Income Tax Thu, 04 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181754