https://www.taxtmi.com/caselaws?id=186209 The ITAT Agra upheld the CIT(A)'s decision in a case involving additions under section 2(22)(e) of the IT Act. The CIT(A) deleted the additions of Rs. 3,85,39,213 and Rs. 2,00,000, ruling that deemed dividends should be taxed in the hands of the shareholder, not the concern. The CIT(A) relied on judicial decisions supporting this interpretation. Despite the Revenue's appeal, the ITAT Agra dismissed it, affirming that the CIT(A)'s decision was correct. en-us Thu, 09 Aug 2012 00:00:00 +0530 Fri, 09 Sep 2016 18:11:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186209 The ITAT Agra upheld the CIT(A)'s decision in a case involving additions under section 2(22)(e) of the IT Act. The CIT(A) deleted the additions of Rs. 3,85,39,213 and Rs. 2,00,000, ruling that deemed dividends should be taxed in the hands of the shareholder, not the concern. The CIT(A) relied on judicial decisions supporting this interpretation. Despite the Revenue's appeal, the ITAT Agra dismissed it, affirming that the CIT(A)'s decision was correct. Case-Laws Income Tax Thu, 09 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186209