https://www.taxtmi.com/caselaws?id=379465 The Tribunal upheld the addition of the outstanding balance payable to the company as deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961, in a case where a 10% shareholder received a flat from the company. The High Court dismissed the Assessee's appeal, ruling in favor of the Revenue, emphasizing that internal guidelines on appeal maintainability were not binding and that the unpaid price of the flat constituted deemed dividend due to the Assessee's substantial interest in the company. en-us Tue, 02 Apr 2019 00:00:00 +0530 Fri, 01 May 2026 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379465 The Tribunal upheld the addition of the outstanding balance payable to the company as deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961, in a case where a 10% shareholder received a flat from the company. The High Court dismissed the Assessee's appeal, ruling in favor of the Revenue, emphasizing that internal guidelines on appeal maintainability were not binding and that the unpaid price of the flat constituted deemed dividend due to the Assessee's substantial interest in the company. Case-Laws Income Tax Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379465