https://www.taxtmi.com/caselaws?id=414112 The Tribunal confirmed the CIT(A)'s decision, deleting the addition of Rs. 1 crore as deemed dividend under Section 2(22)(e) and recognizing the transactions as business advances. Regarding the unexplained investment, the Tribunal directed the AO to delete the protective addition upon submission of Form No.5 by the assessee, treating the appeal as allowed for statistical purposes. The revenue's appeal was dismissed in both instances. en-us Mon, 25 Oct 2021 00:00:00 +0530 Thu, 28 Oct 2021 08:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414112 The Tribunal confirmed the CIT(A)'s decision, deleting the addition of Rs. 1 crore as deemed dividend under Section 2(22)(e) and recognizing the transactions as business advances. Regarding the unexplained investment, the Tribunal directed the AO to delete the protective addition upon submission of Form No.5 by the assessee, treating the appeal as allowed for statistical purposes. The revenue's appeal was dismissed in both instances. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414112