https://www.taxtmi.com/caselaws?id=383680 The High Court condoned the delay in re-filing the appeal and dismissed the Revenue's appeal against the ITAT's deletion of deemed dividend addition under Section 2(22)(e) of the Income Tax Act. The ITAT's decision, based on precedents in Ankitech Private Limited and Madhur Housing, was upheld by the High Court, emphasizing the prevailing legal position in favor of the Assessee. Despite doubts raised by the Supreme Court in the National Travel Services case, the High Court affirmed the validity of the earlier decisions, leading to the rejection of the Revenue's appeal. en-us Tue, 23 Jul 2019 00:00:00 +0530 Sat, 27 Jul 2019 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383680 The High Court condoned the delay in re-filing the appeal and dismissed the Revenue's appeal against the ITAT's deletion of deemed dividend addition under Section 2(22)(e) of the Income Tax Act. The ITAT's decision, based on precedents in Ankitech Private Limited and Madhur Housing, was upheld by the High Court, emphasizing the prevailing legal position in favor of the Assessee. Despite doubts raised by the Supreme Court in the National Travel Services case, the High Court affirmed the validity of the earlier decisions, leading to the rejection of the Revenue's appeal. Case-Laws Income Tax Tue, 23 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383680