https://www.taxtmi.com/caselaws?id=328618 The Tribunal deemed the assessment order valid despite the pending appeal, dismissing the appellant's contention. The addition of deemed dividend under Section 2(22)(e) was reversed as the shareholding did not meet the threshold. The disallowance of interest under Section 40(a)(ia) was remanded for verification based on the retrospective application of the second proviso. The appeal was partly allowed, with the second ground accepted and the third ground remanded for further review. en-us Tue, 31 May 2016 00:00:00 +0530 Thu, 09 Jun 2016 19:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328618 The Tribunal deemed the assessment order valid despite the pending appeal, dismissing the appellant's contention. The addition of deemed dividend under Section 2(22)(e) was reversed as the shareholding did not meet the threshold. The disallowance of interest under Section 40(a)(ia) was remanded for verification based on the retrospective application of the second proviso. The appeal was partly allowed, with the second ground accepted and the third ground remanded for further review. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328618