https://www.taxtmi.com/caselaws?id=189045 The Tribunal allowed the Revenue's appeal for the assessment year 2006-07, treating the loan of Rs. 55.00 lacs as deemed dividend. For the assessment year 2007-08, the Tribunal partly allowed the Revenue's appeal, restoring the issue of deemed dividend to the AO for further verification. The Tribunal upheld the CIT(A)'s deletion of the addition of Rs. 5,710/- under Section 36(1)(va) read with Section 2(24)(x) for the assessment year 2007-08. en-us Fri, 09 Dec 2011 00:00:00 +0530 Mon, 26 Dec 2016 15:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189045 The Tribunal allowed the Revenue's appeal for the assessment year 2006-07, treating the loan of Rs. 55.00 lacs as deemed dividend. For the assessment year 2007-08, the Tribunal partly allowed the Revenue's appeal, restoring the issue of deemed dividend to the AO for further verification. The Tribunal upheld the CIT(A)'s deletion of the addition of Rs. 5,710/- under Section 36(1)(va) read with Section 2(24)(x) for the assessment year 2007-08. Case-Laws Income Tax Fri, 09 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189045