https://www.taxtmi.com/caselaws?id=412302 The Tribunal upheld the CIT(A)'s decisions on all three issues: deletion of deemed dividend addition under Section 2(22)(e), removal of addition on alleged bogus purchases, and disallowance of deduction under Section 80IB on scrap sales. Proper documentation and legal interpretations favored the assessee, emphasizing the non-applicability of deemed dividend provisions and eligibility for deductions on scrap sales. The Revenue's appeal was dismissed, affirming the CIT(A)'s rulings. en-us Mon, 13 Sep 2021 00:00:00 +0530 Tue, 14 Sep 2021 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412302 The Tribunal upheld the CIT(A)'s decisions on all three issues: deletion of deemed dividend addition under Section 2(22)(e), removal of addition on alleged bogus purchases, and disallowance of deduction under Section 80IB on scrap sales. Proper documentation and legal interpretations favored the assessee, emphasizing the non-applicability of deemed dividend provisions and eligibility for deductions on scrap sales. The Revenue's appeal was dismissed, affirming the CIT(A)'s rulings. Case-Laws Income Tax Mon, 13 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412302