https://www.taxtmi.com/caselaws?id=348702 The Tribunal allowed the appeal, ruling that the amounts advanced were part of current account transactions and not deemed dividends under Section 2(22)(e) of the Income Tax Act. The additions by the Assessing Officer were deleted, and the issue of restricting the amounts to accumulated profits did not arise. The Tribunal's decision was issued on 11th September 2017. en-us Mon, 11 Sep 2017 00:00:00 +0530 Tue, 30 Jun 2026 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348702 The Tribunal allowed the appeal, ruling that the amounts advanced were part of current account transactions and not deemed dividends under Section 2(22)(e) of the Income Tax Act. The additions by the Assessing Officer were deleted, and the issue of restricting the amounts to accumulated profits did not arise. The Tribunal's decision was issued on 11th September 2017. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348702