https://www.taxtmi.com/caselaws?id=421351 The Tribunal allowed the appeal, ruling that loans and advances given for business purposes and commercial considerations do not constitute deemed dividends under Section 2(22)(e) of the Income Tax Act. The Tribunal directed the deletion of the deemed dividend addition in the hands of the assessee, based on the nature of the transactions and judicial precedents supporting the decision. en-us Tue, 19 Apr 2022 00:00:00 +0530 Thu, 21 Apr 2022 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421351 The Tribunal allowed the appeal, ruling that loans and advances given for business purposes and commercial considerations do not constitute deemed dividends under Section 2(22)(e) of the Income Tax Act. The Tribunal directed the deletion of the deemed dividend addition in the hands of the assessee, based on the nature of the transactions and judicial precedents supporting the decision. Case-Laws Income Tax Tue, 19 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421351