https://www.taxtmi.com/caselaws?id=378782 The ITAT allowed the appeal, ruling in favor of the assessee by deleting the deemed dividend addition under Section 2(22)(e) of the Income Tax Act. The decision emphasized the significance of considering tax liabilities in assessing accumulated profits for determining deemed dividend. It clarified that tax liabilities should be factored in when evaluating available profits for dividend distribution, ultimately leading to the deletion of the deemed dividend addition based on the company's financial position. en-us Thu, 18 Apr 2019 00:00:00 +0530 Sat, 20 Apr 2019 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378782 The ITAT allowed the appeal, ruling in favor of the assessee by deleting the deemed dividend addition under Section 2(22)(e) of the Income Tax Act. The decision emphasized the significance of considering tax liabilities in assessing accumulated profits for determining deemed dividend. It clarified that tax liabilities should be factored in when evaluating available profits for dividend distribution, ultimately leading to the deletion of the deemed dividend addition based on the company's financial position. Case-Laws Income Tax Thu, 18 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378782