https://www.taxtmi.com/caselaws?id=297067 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order on all contested grounds. It reaffirmed the applicability of Section 45(3) over Section 50C for capital contribution transactions and clarified the conditions for advances to be treated as deemed dividends under Section 2(22)(e). en-us Wed, 16 Oct 2019 00:00:00 +0530 Wed, 18 Aug 2021 09:26:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297067 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order on all contested grounds. It reaffirmed the applicability of Section 45(3) over Section 50C for capital contribution transactions and clarified the conditions for advances to be treated as deemed dividends under Section 2(22)(e). Case-Laws Income Tax Wed, 16 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297067