https://www.taxtmi.com/caselaws?id=397525 The tribunal allowed the appeal, setting aside the addition of deemed dividend under Sec. 2(22)(e) for personal expenses reimbursed by the company. The tribunal held that the payments were mere reimbursements by the company and not personal expenses, as they were accounted for as business expenditure by the company and were not claimed by the assessee in his income computation. Therefore, the addition of deemed dividend was deemed unjustified, and the appeal was allowed on 16th March 2020. en-us Mon, 16 Mar 2020 00:00:00 +0530 Fri, 21 Aug 2020 10:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397525 The tribunal allowed the appeal, setting aside the addition of deemed dividend under Sec. 2(22)(e) for personal expenses reimbursed by the company. The tribunal held that the payments were mere reimbursements by the company and not personal expenses, as they were accounted for as business expenditure by the company and were not claimed by the assessee in his income computation. Therefore, the addition of deemed dividend was deemed unjustified, and the appeal was allowed on 16th March 2020. Case-Laws Income Tax Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397525