https://www.taxtmi.com/caselaws?id=409239 The Tribunal ruled in favor of the assessee, deleting the additions made under Section 2(22)(e) and Section 40A(3) of the Income Tax Act. It held that the transactions were genuine business dealings conducted in the ordinary course of business, and the deeming provisions and disallowances were deemed inapplicable based on the specific circumstances of the case. en-us Tue, 22 Jun 2021 00:00:00 +0530 Sat, 03 Jul 2021 08:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409239 The Tribunal ruled in favor of the assessee, deleting the additions made under Section 2(22)(e) and Section 40A(3) of the Income Tax Act. It held that the transactions were genuine business dealings conducted in the ordinary course of business, and the deeming provisions and disallowances were deemed inapplicable based on the specific circumstances of the case. Case-Laws Income Tax Tue, 22 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409239