https://www.taxtmi.com/caselaws?id=394944 The Tribunal dismissed the Revenue's appeal regarding the deemed dividend addition, upholding the CIT(A)'s decision that the transaction was commercial and not for the assessee's personal benefit. However, the Tribunal upheld the AO's addition of Rs. 42 lakhs as rental income, finding it reasonable based on the property's use and subsequent rental receipts. Thus, the Revenue's appeal was partly allowed. en-us Tue, 25 Feb 2020 00:00:00 +0530 Thu, 30 Apr 2020 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394944 The Tribunal dismissed the Revenue's appeal regarding the deemed dividend addition, upholding the CIT(A)'s decision that the transaction was commercial and not for the assessee's personal benefit. However, the Tribunal upheld the AO's addition of Rs. 42 lakhs as rental income, finding it reasonable based on the property's use and subsequent rental receipts. Thus, the Revenue's appeal was partly allowed. Case-Laws Income Tax Tue, 25 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394944