https://www.taxtmi.com/caselaws?id=289426 The High Court of Madras dismissed the Revenue's appeal challenging the deletion of an addition made by the Assessing Officer under Section 2(22)(e) for the assessment year 2004-05. The court found no substantial question of law, agreeing with the lower authorities that the amount in question did not constitute deemed dividend under Section 2(22)(e) as no payment was made by the assessee-company to its subsidiary during the relevant period. The appeal was dismissed, emphasizing that the factual circumstances were appropriately considered by the lower authorities, and no costs were awarded. en-us Mon, 21 Jan 2019 00:00:00 +0530 Thu, 30 Jul 2020 09:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289426 The High Court of Madras dismissed the Revenue's appeal challenging the deletion of an addition made by the Assessing Officer under Section 2(22)(e) for the assessment year 2004-05. The court found no substantial question of law, agreeing with the lower authorities that the amount in question did not constitute deemed dividend under Section 2(22)(e) as no payment was made by the assessee-company to its subsidiary during the relevant period. The appeal was dismissed, emphasizing that the factual circumstances were appropriately considered by the lower authorities, and no costs were awarded. Case-Laws Income Tax Mon, 21 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289426