https://www.taxtmi.com/caselaws?id=333564 The Tribunal held that the transactions between the assessee and M/s. Ganesh Wheat Products Pvt. Ltd. were in the nature of a current account and did not qualify as deemed dividends under Section 2(22)(e) of the Income Tax Act. Consequently, the additions made by the Assessing Officer and upheld by the CIT(A) were deemed unsustainable. The appeal of the assessee was allowed, and the decision was pronounced on August 26, 2016. en-us Fri, 26 Aug 2016 00:00:00 +0530 Tue, 18 Oct 2016 10:05:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333564 The Tribunal held that the transactions between the assessee and M/s. Ganesh Wheat Products Pvt. Ltd. were in the nature of a current account and did not qualify as deemed dividends under Section 2(22)(e) of the Income Tax Act. Consequently, the additions made by the Assessing Officer and upheld by the CIT(A) were deemed unsustainable. The appeal of the assessee was allowed, and the decision was pronounced on August 26, 2016. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333564