https://www.taxtmi.com/caselaws?id=355664 The Tribunal partly allowed the appeal by excluding capital subsidy from accumulated profits for deemed dividend purposes under Section 2(22)(e) of the Income Tax Act, reducing the addition. Additionally, the disallowance of interest expenses was deleted as the Tribunal found that the advances were made from sufficient interest-free funds, citing relevant case law. en-us Fri, 09 Feb 2018 00:00:00 +0530 Fri, 16 Feb 2018 21:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355664 The Tribunal partly allowed the appeal by excluding capital subsidy from accumulated profits for deemed dividend purposes under Section 2(22)(e) of the Income Tax Act, reducing the addition. Additionally, the disallowance of interest expenses was deleted as the Tribunal found that the advances were made from sufficient interest-free funds, citing relevant case law. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355664