https://www.taxtmi.com/caselaws?id=397857 The tribunal upheld the Commissioner of Income Tax (Appeals)' decision to treat a specific amount as deemed dividend under section 2(22)(e) of the Income Tax Act. It was concluded that only amounts directly benefiting the assessee or those linked to concerns where he had substantial interest should be considered as deemed dividend. The tribunal dismissed both appeals, affirming the CIT(A)'s ruling, and the final decision was issued on 18.03.2020. en-us Wed, 18 Mar 2020 00:00:00 +0530 Mon, 31 Aug 2020 17:59:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397857 The tribunal upheld the Commissioner of Income Tax (Appeals)' decision to treat a specific amount as deemed dividend under section 2(22)(e) of the Income Tax Act. It was concluded that only amounts directly benefiting the assessee or those linked to concerns where he had substantial interest should be considered as deemed dividend. The tribunal dismissed both appeals, affirming the CIT(A)'s ruling, and the final decision was issued on 18.03.2020. Case-Laws Income Tax Wed, 18 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397857