https://www.taxtmi.com/caselaws?id=354761 The Tribunal allowed the appeal, directing the AO not to treat any amount as deemed dividend under Section 2(22)(e) of the Income Tax Act. The loan transaction was deemed not to qualify as deemed dividend, as the provisions were found not applicable due to the absence of shareholding relationships between the parties. Additionally, there were no accumulated profits to consider the loan as deemed dividend after allowing depreciation as per Income Tax Rules. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sat, 03 Feb 2018 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354761 The Tribunal allowed the appeal, directing the AO not to treat any amount as deemed dividend under Section 2(22)(e) of the Income Tax Act. The loan transaction was deemed not to qualify as deemed dividend, as the provisions were found not applicable due to the absence of shareholding relationships between the parties. Additionally, there were no accumulated profits to consider the loan as deemed dividend after allowing depreciation as per Income Tax Rules. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354761