https://www.taxtmi.com/caselaws?id=414055 The Tribunal upheld the CIT(A)'s decisions to delete additions made under section 2(22)(e) as deemed dividend and protective additions of undisclosed income. It concluded that transactions between companies were business-related, not loans, and the imprest account transactions were explained. The Tribunal dismissed revenue's appeals and assessee's cross objections regarding the validity of search proceedings for assessment years 2011-12 and 2012-13. en-us Mon, 25 Oct 2021 00:00:00 +0530 Wed, 27 Oct 2021 09:21:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414055 The Tribunal upheld the CIT(A)'s decisions to delete additions made under section 2(22)(e) as deemed dividend and protective additions of undisclosed income. It concluded that transactions between companies were business-related, not loans, and the imprest account transactions were explained. The Tribunal dismissed revenue's appeals and assessee's cross objections regarding the validity of search proceedings for assessment years 2011-12 and 2012-13. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414055