https://www.taxtmi.com/caselaws?id=419864 The High Court ruled in favor of the petitioner, holding that the deemed dividend should be taxed in the petitioner's hands due to substantial interest in the companies. The court found the Revenue's attempt to re-open the assessment invalid, as there was no fault on the petitioner's part in disclosing material facts. en-us Fri, 11 Mar 2022 00:00:00 +0530 Fri, 26 Aug 2022 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419864 The High Court ruled in favor of the petitioner, holding that the deemed dividend should be taxed in the petitioner's hands due to substantial interest in the companies. The court found the Revenue's attempt to re-open the assessment invalid, as there was no fault on the petitioner's part in disclosing material facts. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419864