https://www.taxtmi.com/caselaws?id=409303 The ITAT partly allowed the appeals by directing the deletion of the addition of Rs. 27,50,000 as deemed dividend and providing partial relief on the enhancement by excluding the opening balance of Rs. 8,063.25. The remaining enhancement of Rs. 12,59,231.75 was sustained. The grounds related to the reopening of assessment and the alleged lack of opportunity were dismissed. en-us Fri, 25 Jun 2021 00:00:00 +0530 Mon, 05 Jul 2021 08:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409303 The ITAT partly allowed the appeals by directing the deletion of the addition of Rs. 27,50,000 as deemed dividend and providing partial relief on the enhancement by excluding the opening balance of Rs. 8,063.25. The remaining enhancement of Rs. 12,59,231.75 was sustained. The grounds related to the reopening of assessment and the alleged lack of opportunity were dismissed. Case-Laws Income Tax Fri, 25 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409303