https://www.taxtmi.com/caselaws?id=348341 The Tribunal upheld the deletion of the addition of deemed dividend under section 2(22)(e) of the IT Act, 1961, as the shareholder did not have substantial interest in the concern. The addition on account of unexplained credit in the bank account was remanded for further examination due to lack of presentation to the AO. The addition based on seized documents was remanded back to the AO for review with additional evidence. The Tribunal emphasized the importance of proper examination of evidence by the AO in making determinations, partially allowing appeals for re-examination. en-us Thu, 14 Sep 2017 00:00:00 +0530 Wed, 15 May 2019 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348341 The Tribunal upheld the deletion of the addition of deemed dividend under section 2(22)(e) of the IT Act, 1961, as the shareholder did not have substantial interest in the concern. The addition on account of unexplained credit in the bank account was remanded for further examination due to lack of presentation to the AO. The addition based on seized documents was remanded back to the AO for review with additional evidence. The Tribunal emphasized the importance of proper examination of evidence by the AO in making determinations, partially allowing appeals for re-examination. Case-Laws Income Tax Thu, 14 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348341