https://www.taxtmi.com/caselaws?id=333898 The Tribunal upheld the Assessing Officer's decision to treat a certain amount as deemed dividend under Section 2(22)(e) of the Income Tax Act, rejecting the assessee's claim that it was share application money. Additionally, the disallowance of insurance premium paid on the life of the Director under Section 37 of the Act was upheld as it was deemed personal expenditure. Furthermore, the disallowance under Section 14A of the Income Tax Act was confirmed by the Tribunal, emphasizing the correct application of Rule 8D in computing disallowances. The Tribunal dismissed the appeal, affirming the additions and disallowances made by the authorities. en-us Thu, 06 Oct 2016 00:00:00 +0530 Thu, 27 Oct 2016 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333898 The Tribunal upheld the Assessing Officer's decision to treat a certain amount as deemed dividend under Section 2(22)(e) of the Income Tax Act, rejecting the assessee's claim that it was share application money. Additionally, the disallowance of insurance premium paid on the life of the Director under Section 37 of the Act was upheld as it was deemed personal expenditure. Furthermore, the disallowance under Section 14A of the Income Tax Act was confirmed by the Tribunal, emphasizing the correct application of Rule 8D in computing disallowances. The Tribunal dismissed the appeal, affirming the additions and disallowances made by the authorities. Case-Laws Income Tax Thu, 06 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333898