https://www.taxtmi.com/caselaws?id=374659 The Tribunal overturned the Pr.CIT's order under section 263 regarding the deemed dividend assessment under section 2(22)(e). It found that no direct payments were made to the assessee, the liability transfer did not lead to revenue loss, and the assessment did not prejudice revenue interests. As a result, the original AO's order was restored, and the appeal of the assessee was allowed. en-us Fri, 01 Feb 2019 00:00:00 +0530 Wed, 06 Feb 2019 07:23:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374659 The Tribunal overturned the Pr.CIT's order under section 263 regarding the deemed dividend assessment under section 2(22)(e). It found that no direct payments were made to the assessee, the liability transfer did not lead to revenue loss, and the assessment did not prejudice revenue interests. As a result, the original AO's order was restored, and the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 01 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374659