https://www.taxtmi.com/caselaws?id=386769 The Tribunal partly allowed the appeals for the assessment year 2008-09 and allowed the appeals for 2009-10. The addition made towards deemed dividend under Section 2(22)(e) of the Income Tax Act was deleted as the advances were considered trade advances, not loans, supported by commercial transactions and business activities, thus falling outside the scope of deemed dividend. en-us Fri, 04 Oct 2019 00:00:00 +0530 Mon, 07 Oct 2019 22:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386769 The Tribunal partly allowed the appeals for the assessment year 2008-09 and allowed the appeals for 2009-10. The addition made towards deemed dividend under Section 2(22)(e) of the Income Tax Act was deleted as the advances were considered trade advances, not loans, supported by commercial transactions and business activities, thus falling outside the scope of deemed dividend. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386769