https://www.taxtmi.com/caselaws?id=354343 The appeal challenging the Income Tax Appellate Tribunal's order regarding additions under sections 69B and 2(22)(e) of the Income Tax Act was dismissed. The Tribunal's decision to not add the inflated stock valuation for credit facilities under section 69B and to not treat loans as deemed dividends under section 2(22)(e) was upheld. The court found no legal infirmity in the Tribunal's conclusions and dismissed the appeal, affirming the Tribunal's order on both issues. en-us Tue, 16 Jan 2018 00:00:00 +0530 Sat, 24 Feb 2018 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354343 The appeal challenging the Income Tax Appellate Tribunal's order regarding additions under sections 69B and 2(22)(e) of the Income Tax Act was dismissed. The Tribunal's decision to not add the inflated stock valuation for credit facilities under section 69B and to not treat loans as deemed dividends under section 2(22)(e) was upheld. The court found no legal infirmity in the Tribunal's conclusions and dismissed the appeal, affirming the Tribunal's order on both issues. Case-Laws Income Tax Tue, 16 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354343