https://www.taxtmi.com/caselaws?id=410885 The Tribunal partly allowed the appeal by the assessee. It ruled in favor of the assessee concerning the addition of deemed dividend under Section 2(22)(e) of the Act, stating that the business transaction amount cannot be treated as deemed dividend. The Tribunal upheld the disallowance of car expenses due to insufficient contestation by the assessee. en-us Fri, 06 Aug 2021 00:00:00 +0530 Thu, 12 Aug 2021 08:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410885 The Tribunal partly allowed the appeal by the assessee. It ruled in favor of the assessee concerning the addition of deemed dividend under Section 2(22)(e) of the Act, stating that the business transaction amount cannot be treated as deemed dividend. The Tribunal upheld the disallowance of car expenses due to insufficient contestation by the assessee. Case-Laws Income Tax Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410885