https://www.taxtmi.com/caselaws?id=399383 The Tribunal overturned the addition of Rs. 40,51,045 made under section 2(22)(e) of the Income-tax Act, 1961, stating that the transactions between the assessee and the company did not constitute deemed dividend as they were mutually beneficial and mainly advantageous to the company. The Tribunal ordered the deletion of the addition, allowing the appeal. The judgment was pronounced on 5th October 2020. en-us Mon, 05 Oct 2020 00:00:00 +0530 Fri, 09 Oct 2020 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399383 The Tribunal overturned the addition of Rs. 40,51,045 made under section 2(22)(e) of the Income-tax Act, 1961, stating that the transactions between the assessee and the company did not constitute deemed dividend as they were mutually beneficial and mainly advantageous to the company. The Tribunal ordered the deletion of the addition, allowing the appeal. The judgment was pronounced on 5th October 2020. Case-Laws Income Tax Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399383