https://www.taxtmi.com/caselaws?id=370665 The Tribunal partially allowed the appeal of the assessee, ruling that the transactions were ordinary business dealings and not subject to deemed dividend provisions under section 2(22)(e) of the Income Tax Act, 1961. The Tribunal emphasized the need to analyze the purpose and nature of transactions accurately to determine the applicability of tax provisions, overturning the decisions of the lower authorities and deleting the additions made by the Assessing Officer. en-us Mon, 19 Nov 2018 00:00:00 +0530 Tue, 20 Nov 2018 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370665 The Tribunal partially allowed the appeal of the assessee, ruling that the transactions were ordinary business dealings and not subject to deemed dividend provisions under section 2(22)(e) of the Income Tax Act, 1961. The Tribunal emphasized the need to analyze the purpose and nature of transactions accurately to determine the applicability of tax provisions, overturning the decisions of the lower authorities and deleting the additions made by the Assessing Officer. Case-Laws Income Tax Mon, 19 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370665