https://www.taxtmi.com/caselaws?id=353918 The Tribunal partly allowed the appeal, directing the AO to verify the computation of accumulated profits and determine the quantum of deemed dividend in accordance with Section 2(22)(e). The exclusion of current year's profits and set-off of declared dividends were considered. The AO was instructed to provide the assessee with a hearing opportunity during this process. en-us Mon, 04 Sep 2017 00:00:00 +0530 Mon, 15 Jan 2018 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353918 The Tribunal partly allowed the appeal, directing the AO to verify the computation of accumulated profits and determine the quantum of deemed dividend in accordance with Section 2(22)(e). The exclusion of current year's profits and set-off of declared dividends were considered. The AO was instructed to provide the assessee with a hearing opportunity during this process. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353918