https://www.taxtmi.com/caselaws?id=371918 The ITAT dismissed the appeals for AY 2006-07 and AY 2007-08, holding that deemed dividends from OEIPL were taxable in the shareholders' hands, not the assessee company's. The CIT(A)'s jurisdiction to direct taxability to shareholders was upheld. Advances were classified as unsecured loans, not business advances. The order was pronounced on 10/12/2018. en-us Mon, 10 Dec 2018 00:00:00 +0530 Thu, 13 Dec 2018 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371918 The ITAT dismissed the appeals for AY 2006-07 and AY 2007-08, holding that deemed dividends from OEIPL were taxable in the shareholders' hands, not the assessee company's. The CIT(A)'s jurisdiction to direct taxability to shareholders was upheld. Advances were classified as unsecured loans, not business advances. The order was pronounced on 10/12/2018. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371918