https://www.taxtmi.com/caselaws?id=395500 The Tribunal ruled in favor of the appellant in an appeal against the order of CIT(A)-1, Gurgaon related to the assessment year 2011-12 under section 154 of the Income-tax Act, 1961. The Tribunal held that the transactions in question were business-related and did not qualify as deemed dividend under section 2(22)(e). Consequently, the addition made by the Assessing Officer was deleted, and the appellant's appeal was allowed. The decision was based on legal precedents and the interpretation that the transactions did not fall within the scope of deemed dividend. en-us Thu, 14 May 2020 00:00:00 +0530 Mon, 25 May 2020 23:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395500 The Tribunal ruled in favor of the appellant in an appeal against the order of CIT(A)-1, Gurgaon related to the assessment year 2011-12 under section 154 of the Income-tax Act, 1961. The Tribunal held that the transactions in question were business-related and did not qualify as deemed dividend under section 2(22)(e). Consequently, the addition made by the Assessing Officer was deleted, and the appellant's appeal was allowed. The decision was based on legal precedents and the interpretation that the transactions did not fall within the scope of deemed dividend. Case-Laws Income Tax Thu, 14 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395500