https://www.taxtmi.com/caselaws?id=390313 The Tribunal allowed the appeal filed by the assessee, ordering the deletion of both the disallowance of Rs. 27,99,953/- representing bad debts written off and the addition of Rs. 34,22,140/- as deemed dividend. The Tribunal's decision was based on the interpretation of relevant sections of the Income Tax Act, judicial precedents, and CBDT circulars, emphasizing the nature of the transactions and the legislative intent behind the provisions. en-us Tue, 17 Dec 2019 00:00:00 +0530 Sun, 29 Dec 2019 09:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390313 The Tribunal allowed the appeal filed by the assessee, ordering the deletion of both the disallowance of Rs. 27,99,953/- representing bad debts written off and the addition of Rs. 34,22,140/- as deemed dividend. The Tribunal's decision was based on the interpretation of relevant sections of the Income Tax Act, judicial precedents, and CBDT circulars, emphasizing the nature of the transactions and the legislative intent behind the provisions. Case-Laws Income Tax Tue, 17 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390313