https://www.taxtmi.com/caselaws?id=276073 The appellate tribunal in Ahmedabad addressed the validity of reopening the assessment and the addition of deemed dividend under section 2(22)(e) for the assessment year 2003-04. The tribunal quashed the reopening as the loan amount in question was not part of the reasons recorded for reopening, following legal precedents. Consequently, the ground challenging the validity of reopening was accepted, rendering the merit-based ground moot. The appeal was allowed in favor of the assessee. en-us Fri, 23 Dec 2016 00:00:00 +0530 Fri, 26 Oct 2018 20:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276073 The appellate tribunal in Ahmedabad addressed the validity of reopening the assessment and the addition of deemed dividend under section 2(22)(e) for the assessment year 2003-04. The tribunal quashed the reopening as the loan amount in question was not part of the reasons recorded for reopening, following legal precedents. Consequently, the ground challenging the validity of reopening was accepted, rendering the merit-based ground moot. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276073