https://www.taxtmi.com/caselaws?id=384798 The Tribunal quashed the initiation of reassessment proceedings under section 147/148, finding it based on borrowed satisfaction and mere suspicion. Additionally, the Tribunal deleted the addition of Rs. 7,48,07,150/- as deemed dividend under section 2(22)(e), determining that the transaction was a business transaction and not a loan or advance. en-us Wed, 07 Aug 2019 00:00:00 +0530 Thu, 22 Aug 2019 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384798 The Tribunal quashed the initiation of reassessment proceedings under section 147/148, finding it based on borrowed satisfaction and mere suspicion. Additionally, the Tribunal deleted the addition of Rs. 7,48,07,150/- as deemed dividend under section 2(22)(e), determining that the transaction was a business transaction and not a loan or advance. Case-Laws Income Tax Wed, 07 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384798