https://www.taxtmi.com/caselaws?id=397524 The Tribunal allowed the appeal, emphasizing the need to prevent double taxation in line with legal principles. The Assessing Officer was directed to reconsider the addition of deemed dividend under section 2(22)(e) of the IT Act, taking into account the decision of the Bombay High Court to avoid double taxation. The Tribunal set aside the CIT(A)'s order, underscoring the importance of fair adjudication and compliance with legal precedents to uphold natural justice principles. en-us Thu, 12 Mar 2020 00:00:00 +0530 Fri, 21 Aug 2020 10:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397524 The Tribunal allowed the appeal, emphasizing the need to prevent double taxation in line with legal principles. The Assessing Officer was directed to reconsider the addition of deemed dividend under section 2(22)(e) of the IT Act, taking into account the decision of the Bombay High Court to avoid double taxation. The Tribunal set aside the CIT(A)'s order, underscoring the importance of fair adjudication and compliance with legal precedents to uphold natural justice principles. Case-Laws Income Tax Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397524