https://www.taxtmi.com/caselaws?id=191962 The appeal was allowed in part, with specific directions to the Assessing Officer (AO) regarding the disallowance of interest and the treatment of deemed dividends. The Tribunal directed the AO to disallow interest only on the portion of advances made from interest-bearing funds, and clarified the treatment of deemed dividends under Section 2(22)(e) of the Income-tax Act, 1961. The Tribunal partially allowed the grounds of appeal related to interest-free advances and deemed dividends. en-us Wed, 31 Mar 2010 00:00:00 +0530 Fri, 05 May 2017 16:49:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191962 The appeal was allowed in part, with specific directions to the Assessing Officer (AO) regarding the disallowance of interest and the treatment of deemed dividends. The Tribunal directed the AO to disallow interest only on the portion of advances made from interest-bearing funds, and clarified the treatment of deemed dividends under Section 2(22)(e) of the Income-tax Act, 1961. The Tribunal partially allowed the grounds of appeal related to interest-free advances and deemed dividends. Case-Laws Income Tax Wed, 31 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191962