https://www.taxtmi.com/caselaws?id=20193 The court held that the amount of Rs. 5,21,964 was deemed dividend in the hands of the assessee under section 2(22)(e) of the Income-tax Act, 1961. Additionally, the court found that section 194 applied to the case, and the company was liable to pay interest under section 201(1A). The court ruled in favor of the Revenue, affirming the treatment of the amount as deemed dividend and income in the hands of the assessee, and requiring the company to pay interest. The references were disposed of with no order as to costs. en-us Wed, 04 Aug 1993 00:00:00 +0530 Thu, 12 Nov 2009 13:28:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20193 The court held that the amount of Rs. 5,21,964 was deemed dividend in the hands of the assessee under section 2(22)(e) of the Income-tax Act, 1961. Additionally, the court found that section 194 applied to the case, and the company was liable to pay interest under section 201(1A). The court ruled in favor of the Revenue, affirming the treatment of the amount as deemed dividend and income in the hands of the assessee, and requiring the company to pay interest. The references were disposed of with no order as to costs. Case-Laws Income Tax Wed, 04 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20193