https://www.taxtmi.com/caselaws?id=280650 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete the addition in net profit made by the Assessing Officer, directing acceptance of the income declared by the assessee. Additionally, the Tribunal confirmed the deletion of the addition on account of deemed dividend, as the assessee was neither a registered nor a beneficial shareholder of the lender companies, aligning with judicial precedents and statutory interpretation. The revenue's appeal was dismissed, affirming the rulings on both issues. en-us Wed, 01 Feb 2012 00:00:00 +0530 Wed, 15 May 2019 11:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280650 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete the addition in net profit made by the Assessing Officer, directing acceptance of the income declared by the assessee. Additionally, the Tribunal confirmed the deletion of the addition on account of deemed dividend, as the assessee was neither a registered nor a beneficial shareholder of the lender companies, aligning with judicial precedents and statutory interpretation. The revenue's appeal was dismissed, affirming the rulings on both issues. Case-Laws Income Tax Wed, 01 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280650