https://www.taxtmi.com/caselaws?id=360814 The Tribunal reversed the deletion of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961, reinstating the addition of the amounts received by the assessee as advances and not earnest money for property sale. Additionally, the Tribunal upheld the jurisdictional validity of the assessment order, ruling against the assessee's contention regarding non-issuance of mandatory notices under Section 143(2) and dismissing cross-objections. The Revenue's appeal was allowed, and the order was pronounced on May 16, 2018. en-us Wed, 16 May 2018 00:00:00 +0530 Thu, 19 Jul 2018 06:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360814 The Tribunal reversed the deletion of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961, reinstating the addition of the amounts received by the assessee as advances and not earnest money for property sale. Additionally, the Tribunal upheld the jurisdictional validity of the assessment order, ruling against the assessee's contention regarding non-issuance of mandatory notices under Section 143(2) and dismissing cross-objections. The Revenue's appeal was allowed, and the order was pronounced on May 16, 2018. Case-Laws Income Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360814