https://www.taxtmi.com/caselaws?id=297033 The appellant, a private limited company involved in real estate development, contested the disallowance of interest on secured loans and its deduction from capital work-in-progress for AY 2005-06. The Tribunal allowed the appeal, directing a re-examination of the nexus between inflow and outflow of liquidity. In relation to the treatment of unsecured loans as deemed dividend under section 2(22)(e) for AY 2005-06 and AY 2008-09, the Tribunal directed to await the Supreme Court's final decision. The appeals for both assessment years were partly allowed, with instructions for further examination and compliance with the Supreme Court's ruling on the deemed dividend issue. en-us Fri, 09 Feb 2018 00:00:00 +0530 Mon, 16 Aug 2021 21:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297033 The appellant, a private limited company involved in real estate development, contested the disallowance of interest on secured loans and its deduction from capital work-in-progress for AY 2005-06. The Tribunal allowed the appeal, directing a re-examination of the nexus between inflow and outflow of liquidity. In relation to the treatment of unsecured loans as deemed dividend under section 2(22)(e) for AY 2005-06 and AY 2008-09, the Tribunal directed to await the Supreme Court's final decision. The appeals for both assessment years were partly allowed, with instructions for further examination and compliance with the Supreme Court's ruling on the deemed dividend issue. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297033