https://www.taxtmi.com/caselaws?id=397855 The Tribunal allowed the appeal, ruling that Section 2(22)(e) was incorrectly applied. The transactions for land purchase and development rights assignment were deemed to be in the normal course of business, benefiting both companies. The addition of deemed dividend income was set aside as the Assessing Officer and CIT(A) erred in their application of the section. en-us Tue, 14 Jan 2020 00:00:00 +0530 Mon, 31 Aug 2020 17:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397855 The Tribunal allowed the appeal, ruling that Section 2(22)(e) was incorrectly applied. The transactions for land purchase and development rights assignment were deemed to be in the normal course of business, benefiting both companies. The addition of deemed dividend income was set aside as the Assessing Officer and CIT(A) erred in their application of the section. Case-Laws Income Tax Tue, 14 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397855