https://www.taxtmi.com/caselaws?id=342094 The High Court set aside the previous orders and remanded the matter to the CIT(A) for a fresh consideration after finding that the CIT(A) and Tribunal's decisions lacked sufficient reasoning regarding the treatment of a loan to Directors as deemed dividend under Section 2(22)(e) of the Income Tax Act. The Court noted that while the Assessing Officer had valid reasons for the addition, further clarification and reasoning were required, leading to the decision for a fresh consideration of the case. en-us Mon, 30 Jan 2017 00:00:00 +0530 Wed, 26 Apr 2017 07:09:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342094 The High Court set aside the previous orders and remanded the matter to the CIT(A) for a fresh consideration after finding that the CIT(A) and Tribunal's decisions lacked sufficient reasoning regarding the treatment of a loan to Directors as deemed dividend under Section 2(22)(e) of the Income Tax Act. The Court noted that while the Assessing Officer had valid reasons for the addition, further clarification and reasoning were required, leading to the decision for a fresh consideration of the case. Case-Laws Income Tax Mon, 30 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342094