https://www.taxtmi.com/caselaws?id=368011 The Tribunal upheld the CIT(A)'s decision to delete the deemed dividend addition under Section 2(22)(e) of the Income Tax Act for the assessment year 2012-13. The Revenue's appeal was dismissed as the Tribunal agreed with the CIT(A)'s findings based on judicial consistency and the commercial nature of the loan in question. The Tribunal noted that since the Revenue did not challenge the CIT(A)'s decision in the previous assessment year, the issue had attained finality in favor of the taxpayer. en-us Wed, 19 Sep 2018 00:00:00 +0530 Sat, 29 Sep 2018 06:48:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368011 The Tribunal upheld the CIT(A)'s decision to delete the deemed dividend addition under Section 2(22)(e) of the Income Tax Act for the assessment year 2012-13. The Revenue's appeal was dismissed as the Tribunal agreed with the CIT(A)'s findings based on judicial consistency and the commercial nature of the loan in question. The Tribunal noted that since the Revenue did not challenge the CIT(A)'s decision in the previous assessment year, the issue had attained finality in favor of the taxpayer. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368011