https://www.taxtmi.com/caselaws?id=367278 The Tribunal held that the amounts advanced by JHPL to SIPL were business transactions, not deemed dividends under Section 2(22)(e) of the Income Tax Act, 1961. The transactions were found to be for commercial expediency and not for personal benefit to the directors/shareholders. The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeals. en-us Wed, 12 Sep 2018 00:00:00 +0530 Tue, 18 Sep 2018 08:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367278 The Tribunal held that the amounts advanced by JHPL to SIPL were business transactions, not deemed dividends under Section 2(22)(e) of the Income Tax Act, 1961. The transactions were found to be for commercial expediency and not for personal benefit to the directors/shareholders. The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeals. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367278