https://www.taxtmi.com/caselaws?id=409474 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and confirming the deletion of the addition under Section 2(22)(e) of the Income Tax Act. The Tribunal also upheld the CIT(A)'s reversal of the disallowance under Section 40A(2)(b) of the Income Tax Act. The judgment highlighted the significance of factual accuracy and compliance with legal precedents in assessing deemed dividends and reasonable interest payments. en-us Tue, 06 Jul 2021 00:00:00 +0530 Thu, 08 Jul 2021 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409474 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and confirming the deletion of the addition under Section 2(22)(e) of the Income Tax Act. The Tribunal also upheld the CIT(A)'s reversal of the disallowance under Section 40A(2)(b) of the Income Tax Act. The judgment highlighted the significance of factual accuracy and compliance with legal precedents in assessing deemed dividends and reasonable interest payments. Case-Laws Income Tax Tue, 06 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409474