https://www.taxtmi.com/caselaws?id=351205 Revision under section 263 was unwarranted because the Assessing Officer had made due inquiry and adopted a plausible view that the amount recorded in the assessee's ledger was a trade advance arising from regular business transactions, not a loan. On that basis, section 2(22)(e) on deemed dividend was held inapplicable, and the revisionary order could not be sustained. en-us Wed, 02 Aug 2017 00:00:00 +0530 Tue, 21 Nov 2017 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351205 Revision under section 263 was unwarranted because the Assessing Officer had made due inquiry and adopted a plausible view that the amount recorded in the assessee's ledger was a trade advance arising from regular business transactions, not a loan. On that basis, section 2(22)(e) on deemed dividend was held inapplicable, and the revisionary order could not be sustained. Case-Laws Income Tax Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351205