https://www.taxtmi.com/caselaws?id=385602 The Tribunal upheld the CIT(A)'s decision to delete the addition of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961, as the shareholding of the individual and HUF did not collectively exceed the 10% threshold required. Additionally, the Tribunal confirmed the deletion of unaccounted sales and disallowance of interest expenses on unsecured loans. The Revenue's appeal was dismissed, and the assessee's appeal was allowed in its entirety. en-us Thu, 22 Aug 2019 00:00:00 +0530 Fri, 20 Sep 2019 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385602 The Tribunal upheld the CIT(A)'s decision to delete the addition of deemed dividend under Section 2(22)(e) of the Income Tax Act, 1961, as the shareholding of the individual and HUF did not collectively exceed the 10% threshold required. Additionally, the Tribunal confirmed the deletion of unaccounted sales and disallowance of interest expenses on unsecured loans. The Revenue's appeal was dismissed, and the assessee's appeal was allowed in its entirety. Case-Laws Income Tax Thu, 22 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385602