https://www.taxtmi.com/caselaws?id=191963 The Revenue's appeal was dismissed as the Tribunal upheld the CIT(A)'s decision to delete the addition made under section 2(22)(e) of the Act, ruling that the amount received was not deemed dividend but a business expedience arrangement. Regarding the disallowance of interest expenditure under section 14A read with Rule 8D, the Tribunal remitted the issue back to the Assessing Officer for a fresh decision, emphasizing the correct interpretation of the law. The Cross Objections of the assessee were accepted for statistical purposes. en-us Mon, 17 Dec 2012 00:00:00 +0530 Fri, 05 May 2017 17:37:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191963 The Revenue's appeal was dismissed as the Tribunal upheld the CIT(A)'s decision to delete the addition made under section 2(22)(e) of the Act, ruling that the amount received was not deemed dividend but a business expedience arrangement. Regarding the disallowance of interest expenditure under section 14A read with Rule 8D, the Tribunal remitted the issue back to the Assessing Officer for a fresh decision, emphasizing the correct interpretation of the law. The Cross Objections of the assessee were accepted for statistical purposes. Case-Laws Income Tax Mon, 17 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191963