https://www.taxtmi.com/caselaws?id=411787 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,06,53,898/- as deemed dividends under Section 2(22)(e) of the Income Tax Act, 1961. The advances received by the assessee, adjusted against salary and incentives, were found not to be deemed dividends, preventing double taxation. The revenue's appeal was dismissed. en-us Fri, 27 Aug 2021 00:00:00 +0530 Tue, 31 Aug 2021 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411787 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 2,06,53,898/- as deemed dividends under Section 2(22)(e) of the Income Tax Act, 1961. The advances received by the assessee, adjusted against salary and incentives, were found not to be deemed dividends, preventing double taxation. The revenue's appeal was dismissed. Case-Laws Income Tax Fri, 27 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411787