https://www.taxtmi.com/caselaws?id=411024 The ITAT partially allowed the appeal, directing the CIT(A) to reconsider the issue of deemed dividend treatment after granting the assessee an adequate opportunity to be heard. The decision was made pending a Supreme Court decision on the taxation of deemed dividends, as the CIT(A) lacked the power to remand the matter to the assessing officer. The grounds related to disallowances under section 14A of the Income Tax Act and site expenses were dismissed as the assessee's counsel chose not to press them. en-us Mon, 02 Aug 2021 00:00:00 +0530 Sat, 14 Aug 2021 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411024 The ITAT partially allowed the appeal, directing the CIT(A) to reconsider the issue of deemed dividend treatment after granting the assessee an adequate opportunity to be heard. The decision was made pending a Supreme Court decision on the taxation of deemed dividends, as the CIT(A) lacked the power to remand the matter to the assessing officer. The grounds related to disallowances under section 14A of the Income Tax Act and site expenses were dismissed as the assessee's counsel chose not to press them. Case-Laws Income Tax Mon, 02 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411024