https://www.taxtmi.com/caselaws?id=403685 The Tribunal upheld the deletion of the addition of Rs. 2,62,33,800/- as deemed dividend under section 2(22)(e) of the Income Tax Act, 1961. It also quashed the reassessment proceedings under section 147 read with section 143(3) due to the lack of fresh tangible material and incorrect factual basis for reopening. en-us Tue, 02 Feb 2021 00:00:00 +0530 Fri, 05 Feb 2021 07:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403685 The Tribunal upheld the deletion of the addition of Rs. 2,62,33,800/- as deemed dividend under section 2(22)(e) of the Income Tax Act, 1961. It also quashed the reassessment proceedings under section 147 read with section 143(3) due to the lack of fresh tangible material and incorrect factual basis for reopening. Case-Laws Income Tax Tue, 02 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403685