https://www.taxtmi.com/caselaws?id=345496 The ITAT upheld the re-opening of assessment and dismissal of the depreciation claim on a warehouse building, citing the broad definition of 'Plant' under the Income Tax Act. The addition of deemed dividend under section 2(22)(e) was partially allowed for reassessment, emphasizing the need for factual findings on shareholding and transaction nature. The judgment highlights the significance of accurate factual determinations in tax assessments and provides clarity on tax provision interpretation. en-us Tue, 29 Nov 2016 00:00:00 +0530 Wed, 19 Jul 2017 10:20:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345496 The ITAT upheld the re-opening of assessment and dismissal of the depreciation claim on a warehouse building, citing the broad definition of 'Plant' under the Income Tax Act. The addition of deemed dividend under section 2(22)(e) was partially allowed for reassessment, emphasizing the need for factual findings on shareholding and transaction nature. The judgment highlights the significance of accurate factual determinations in tax assessments and provides clarity on tax provision interpretation. Case-Laws Income Tax Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345496