https://www.taxtmi.com/caselaws?id=188620 The appeals filed by Sunil P. Mantri were partly allowed, with the Tribunal upholding the addition of deemed dividend under section 2(22)(e) but restricting it to the accumulated profits of the lender concern. Additionally, the deletion of additions made on loans/advances received by Sunil Mantri Trinity Projects Pvt. Ltd. and sums repaid by recipient concerns was upheld. The estimation of gross annual value and allowability of interest expenses were confirmed. Appeals by the Revenue in Sunil P. Mantri's cases were dismissed, as were other appeals by the Revenue regarding recipient concerns. Cross objections by recipient concerns were also dismissed. en-us Thu, 14 Nov 2013 00:00:00 +0530 Fri, 30 Dec 2016 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188620 The appeals filed by Sunil P. Mantri were partly allowed, with the Tribunal upholding the addition of deemed dividend under section 2(22)(e) but restricting it to the accumulated profits of the lender concern. Additionally, the deletion of additions made on loans/advances received by Sunil Mantri Trinity Projects Pvt. Ltd. and sums repaid by recipient concerns was upheld. The estimation of gross annual value and allowability of interest expenses were confirmed. Appeals by the Revenue in Sunil P. Mantri's cases were dismissed, as were other appeals by the Revenue regarding recipient concerns. Cross objections by recipient concerns were also dismissed. Case-Laws Income Tax Thu, 14 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188620