https://www.taxtmi.com/caselaws?id=276437 The Tribunal dismissed the Revenue's appeal, ruling in favor of the assessee. It held that the advances from the sister concern were not deemed dividend under section 2(22)(e) of the Act, as they were deemed routine business transactions and not loans or advances. The Tribunal emphasized that commercial transactions like these do not fall within the scope of deemed dividend, citing relevant case law to support its decision. en-us Wed, 19 Jun 2013 00:00:00 +0530 Mon, 12 Nov 2018 10:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276437 The Tribunal dismissed the Revenue's appeal, ruling in favor of the assessee. It held that the advances from the sister concern were not deemed dividend under section 2(22)(e) of the Act, as they were deemed routine business transactions and not loans or advances. The Tribunal emphasized that commercial transactions like these do not fall within the scope of deemed dividend, citing relevant case law to support its decision. Case-Laws Income Tax Wed, 19 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276437