https://www.taxtmi.com/caselaws?id=338811 The Court dismissed the appeal by Revenue, upholding the Tribunal's decision that the addition under Section 2(22)(e) of the Act could not be assessed as deemed dividend in the hands of the assessee-firm. The Revenue's acknowledgment of a previous judgment favoring the assessee in a related case led to the Court's decision that the matter was settled and should be disposed of in line with the earlier ruling. This aligns the Tribunal's interpretation of Section 2(22)(e) with the Court's previous decision, resulting in the dismissal of the current appeal. en-us Thu, 02 Jun 2016 00:00:00 +0530 Sat, 11 Feb 2017 10:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338811 The Court dismissed the appeal by Revenue, upholding the Tribunal's decision that the addition under Section 2(22)(e) of the Act could not be assessed as deemed dividend in the hands of the assessee-firm. The Revenue's acknowledgment of a previous judgment favoring the assessee in a related case led to the Court's decision that the matter was settled and should be disposed of in line with the earlier ruling. This aligns the Tribunal's interpretation of Section 2(22)(e) with the Court's previous decision, resulting in the dismissal of the current appeal. Case-Laws Income Tax Thu, 02 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338811