https://www.taxtmi.com/caselaws?id=191951 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete additions made under Section 2(22)(e) of the Income Tax Act and to restrict disallowance under Section 14A to 1% of the dividend income. The Tribunal affirmed that loans given for consideration beneficial to the company do not qualify as deemed dividends and supported the reasonable approach taken in limiting disallowance under Section 14A. en-us Mon, 29 Jun 2015 00:00:00 +0530 Fri, 05 May 2017 10:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191951 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to delete additions made under Section 2(22)(e) of the Income Tax Act and to restrict disallowance under Section 14A to 1% of the dividend income. The Tribunal affirmed that loans given for consideration beneficial to the company do not qualify as deemed dividends and supported the reasonable approach taken in limiting disallowance under Section 14A. Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191951