https://www.taxtmi.com/caselaws?id=343675 The Appellate Tribunal ITAT Mumbai allowed the assessee's appeal for statistical purposes, directing the assessing officer to delete the addition of deemed dividend under section 2(22)(e). The Tribunal found errors in treating various transactions as a single loan and set aside the Commissioner of Income Tax (Appeals) order, instructing the AO to reassess the case. The decision implied a reevaluation of the income tax demand and emphasized the need for a comprehensive review based on detailed examination of facts. en-us Mon, 24 Apr 2017 00:00:00 +0530 Wed, 31 May 2017 06:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343675 The Appellate Tribunal ITAT Mumbai allowed the assessee's appeal for statistical purposes, directing the assessing officer to delete the addition of deemed dividend under section 2(22)(e). The Tribunal found errors in treating various transactions as a single loan and set aside the Commissioner of Income Tax (Appeals) order, instructing the AO to reassess the case. The decision implied a reevaluation of the income tax demand and emphasized the need for a comprehensive review based on detailed examination of facts. Case-Laws Income Tax Mon, 24 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343675