https://www.taxtmi.com/caselaws?id=279146 The Tribunal allowed the appeal partially, directing the AO to re-examine the treatment of long-term capital gains on the sale of land, considering additional evidence. Additionally, the Tribunal instructed the deletion of the addition under Section 2(22)(e) for deemed dividend, as the assessee firm was not a shareholder of the payer company. The decision underscores the significance of accurately categorizing assets and the specific requirements for applying deemed dividend provisions. en-us Wed, 19 Feb 2014 00:00:00 +0530 Wed, 06 Mar 2019 06:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279146 The Tribunal allowed the appeal partially, directing the AO to re-examine the treatment of long-term capital gains on the sale of land, considering additional evidence. Additionally, the Tribunal instructed the deletion of the addition under Section 2(22)(e) for deemed dividend, as the assessee firm was not a shareholder of the payer company. The decision underscores the significance of accurately categorizing assets and the specific requirements for applying deemed dividend provisions. Case-Laws Income Tax Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279146