https://www.taxtmi.com/caselaws?id=366325 The Tribunal reversed the Commissioner of Income Tax (Appeals)' decision to delete the addition of Rs. 1,01,36,328/- as deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961. The Tribunal found that the transaction was not a genuine business deal but a disguised loan, leading to the restoration of the Assessing Officer's addition. Additionally, the Tribunal criticized the Commissioner's admission of additional evidence, emphasizing the importance of thorough scrutiny in such cases. en-us Thu, 23 Aug 2018 00:00:00 +0530 Fri, 31 Aug 2018 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366325 The Tribunal reversed the Commissioner of Income Tax (Appeals)' decision to delete the addition of Rs. 1,01,36,328/- as deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961. The Tribunal found that the transaction was not a genuine business deal but a disguised loan, leading to the restoration of the Assessing Officer's addition. Additionally, the Tribunal criticized the Commissioner's admission of additional evidence, emphasizing the importance of thorough scrutiny in such cases. Case-Laws Income Tax Thu, 23 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366325