https://www.taxtmi.com/caselaws?id=407773 Inter-company loans between corporate concerns fell outside deemed dividend treatment under section 2(22)(e) because the funds were advanced in the ordinary course of business, the payer was engaged in financing activity, and there was no evidence of any personal benefit to the recipient; the addition was deleted. Exemption for house rent allowance under section 10(13A) was not allowable because the assessee failed to prove actual rent payment, and the statutory condition of rent actually incurred was not met; the disallowance was sustained. en-us Fri, 30 Apr 2021 00:00:00 +0530 Thu, 20 May 2021 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407773 Inter-company loans between corporate concerns fell outside deemed dividend treatment under section 2(22)(e) because the funds were advanced in the ordinary course of business, the payer was engaged in financing activity, and there was no evidence of any personal benefit to the recipient; the addition was deleted. Exemption for house rent allowance under section 10(13A) was not allowable because the assessee failed to prove actual rent payment, and the statutory condition of rent actually incurred was not met; the disallowance was sustained. Case-Laws Income Tax Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407773