https://www.taxtmi.com/caselaws?id=386461 The Tribunal allowed the assessee's appeal regarding the addition of ? 2,97,74,68,364/- as deemed dividend, ruling that the transaction was commercial and not covered by Section 2(22)(e). It held that accumulated profits should be calculated up to the date of each payment but considered only the opening balance as of 01.04.2014. The appeal on disallowance of ? 85.55 lakhs for increasing share capital was dismissed, confirming it as capital expenditure. en-us Wed, 25 Sep 2019 00:00:00 +0530 Fri, 27 Sep 2019 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386461 The Tribunal allowed the assessee's appeal regarding the addition of ? 2,97,74,68,364/- as deemed dividend, ruling that the transaction was commercial and not covered by Section 2(22)(e). It held that accumulated profits should be calculated up to the date of each payment but considered only the opening balance as of 01.04.2014. The appeal on disallowance of ? 85.55 lakhs for increasing share capital was dismissed, confirming it as capital expenditure. Case-Laws Income Tax Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386461