https://www.taxtmi.com/caselaws?id=188277 The Tribunal ruled in favor of the assessee regarding the addition on account of deemed dividend under section 2(22)(e) of the Income Tax Act for AY 2005-06. It held that the amounts received against the sale of land were part of the sale consideration and not loans or advances, based on examination of sale agreements and legal precedents. The Tribunal dismissed the Revenue's appeals, affirming the decision of the CIT(A) in both instances. en-us Tue, 28 Aug 2012 00:00:00 +0530 Fri, 09 Feb 2018 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188277 The Tribunal ruled in favor of the assessee regarding the addition on account of deemed dividend under section 2(22)(e) of the Income Tax Act for AY 2005-06. It held that the amounts received against the sale of land were part of the sale consideration and not loans or advances, based on examination of sale agreements and legal precedents. The Tribunal dismissed the Revenue's appeals, affirming the decision of the CIT(A) in both instances. Case-Laws Income Tax Tue, 28 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188277