https://www.taxtmi.com/caselaws?id=364237 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,03,00,000/- as deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961. The Tribunal found that the transactions were commercial in nature and not covered by the definition of deemed dividend. The Revenue's appeal was dismissed, affirming the CIT(A)'s order for the assessment year 2010-11. en-us Wed, 18 Jul 2018 00:00:00 +0530 Tue, 24 Jul 2018 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364237 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,03,00,000/- as deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961. The Tribunal found that the transactions were commercial in nature and not covered by the definition of deemed dividend. The Revenue's appeal was dismissed, affirming the CIT(A)'s order for the assessment year 2010-11. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364237