https://www.taxtmi.com/caselaws?id=343746 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s deletion of the addition under section 2(22)(e) of the Income Tax Act, 1961. The Tribunal concluded that the transaction did not qualify as deemed dividend as there was no evidence of the assessee receiving any benefit directly, emphasizing that suspicion alone cannot substitute evidence. en-us Tue, 30 May 2017 00:00:00 +0530 Wed, 31 May 2017 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343746 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s deletion of the addition under section 2(22)(e) of the Income Tax Act, 1961. The Tribunal concluded that the transaction did not qualify as deemed dividend as there was no evidence of the assessee receiving any benefit directly, emphasizing that suspicion alone cannot substitute evidence. Case-Laws Income Tax Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343746