https://www.taxtmi.com/caselaws?id=350443 The Tribunal allowed the assessee's appeals, overturning the additions made under Section 2(22)(e) of the Income-tax Act for the assessment years 2011-12 & 2012-13. The Tribunal concluded that the transactions were commercial in nature and not deemed dividends, aligning with a Calcutta High Court ruling and CBDT Circular. As the assessee, an individual, did not receive any advance or borrowed money, the Tribunal deleted the additions, emphasizing the regular business nature of the transactions. en-us Thu, 02 Nov 2017 00:00:00 +0530 Mon, 06 Nov 2017 08:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350443 The Tribunal allowed the assessee's appeals, overturning the additions made under Section 2(22)(e) of the Income-tax Act for the assessment years 2011-12 & 2012-13. The Tribunal concluded that the transactions were commercial in nature and not deemed dividends, aligning with a Calcutta High Court ruling and CBDT Circular. As the assessee, an individual, did not receive any advance or borrowed money, the Tribunal deleted the additions, emphasizing the regular business nature of the transactions. Case-Laws Income Tax Thu, 02 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350443