https://www.taxtmi.com/caselaws?id=327741 The Tribunal rectified an oversight in an order under Section 254(2) of the Income-Tax Act, recalling it for reconsideration based on a Supreme Court judgment. Regarding the classification of an amount as deemed dividend under Section 2(22)(e) of the Act, the Tribunal upheld the Assessing Officer's decision, treating the amount as deemed dividend due to lack of substantiated evidence supporting the claim of an advance for property sale. The Tribunal dismissed the appeal and affirmed the classification of the amount as deemed dividend. en-us Thu, 07 Apr 2016 00:00:00 +0530 Wed, 18 May 2016 08:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327741 The Tribunal rectified an oversight in an order under Section 254(2) of the Income-Tax Act, recalling it for reconsideration based on a Supreme Court judgment. Regarding the classification of an amount as deemed dividend under Section 2(22)(e) of the Act, the Tribunal upheld the Assessing Officer's decision, treating the amount as deemed dividend due to lack of substantiated evidence supporting the claim of an advance for property sale. The Tribunal dismissed the appeal and affirmed the classification of the amount as deemed dividend. Case-Laws Income Tax Thu, 07 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327741