https://www.taxtmi.com/caselaws?id=183047 The Tribunal allowed the assessee's appeal regarding the addition on account of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961, based on the commercial nature of the transactions and legal precedents. The Tribunal also partly allowed the assessee's appeal on the disallowance of expenditure claimed under miscellaneous receipts. In the Revenue's appeals, the deletion of the addition made by the Assessing Officer on account of deemed dividend was upheld, citing the lack of incriminating material. The orders were pronounced on 17/10/2014. en-us Fri, 17 Oct 2014 00:00:00 +0530 Fri, 27 May 2016 09:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183047 The Tribunal allowed the assessee's appeal regarding the addition on account of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961, based on the commercial nature of the transactions and legal precedents. The Tribunal also partly allowed the assessee's appeal on the disallowance of expenditure claimed under miscellaneous receipts. In the Revenue's appeals, the deletion of the addition made by the Assessing Officer on account of deemed dividend was upheld, citing the lack of incriminating material. The orders were pronounced on 17/10/2014. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183047