https://www.taxtmi.com/caselaws?id=406646 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s deletion of additions on both counts: deemed dividend under Section 2(22)(e) and unexplained cash credit under Section 68. The Tribunal found that the assessee had adequately demonstrated that the transactions were genuine and that the provisions cited by the AO were not applicable for the assessment year in question. en-us Tue, 23 Mar 2021 00:00:00 +0530 Tue, 20 Apr 2021 12:53:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406646 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s deletion of additions on both counts: deemed dividend under Section 2(22)(e) and unexplained cash credit under Section 68. The Tribunal found that the assessee had adequately demonstrated that the transactions were genuine and that the provisions cited by the AO were not applicable for the assessment year in question. Case-Laws Income Tax Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406646