https://www.taxtmi.com/caselaws?id=352948 The Tribunal upheld the addition under Section 2(22)(e) of the Income Tax Act, deeming the loan as a dividend for the benefit of the assessee. The issue of non-deduction of TDS under Section 40(a)(ia) was remanded for verification. An ad hoc addition for the purchase of medicines was restricted to Rs. 50,000. The Tribunal dismissed the grounds related to deemed dividends and ad hoc addition, partially allowing the appeal for statistical purposes, remanding one issue for further verification by the Assessing Officer. en-us Wed, 20 Dec 2017 00:00:00 +0530 Mon, 25 Dec 2017 08:50:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352948 The Tribunal upheld the addition under Section 2(22)(e) of the Income Tax Act, deeming the loan as a dividend for the benefit of the assessee. The issue of non-deduction of TDS under Section 40(a)(ia) was remanded for verification. An ad hoc addition for the purchase of medicines was restricted to Rs. 50,000. The Tribunal dismissed the grounds related to deemed dividends and ad hoc addition, partially allowing the appeal for statistical purposes, remanding one issue for further verification by the Assessing Officer. Case-Laws Income Tax Wed, 20 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352948