https://www.taxtmi.com/caselaws?id=423016 The Tribunal confirmed the deletion of the addition of a loan as deemed dividend under section 2(22)(e) of the Income Tax Act, based on commercial ties between the companies and lack of benefit to the assessee. Regarding the disallowance of expenses related to exempt income under section 14A read with rule 8D(2)(iii) of the Income Tax Rules, the Tribunal partly allowed the Revenue's appeal, reversing the CIT(A)'s decision and sustaining the disallowance. The Tribunal's judgment relied on previous decisions and legal provisions to provide a reasoned conclusion for each issue. en-us Wed, 25 May 2022 00:00:00 +0530 Thu, 26 May 2022 22:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423016 The Tribunal confirmed the deletion of the addition of a loan as deemed dividend under section 2(22)(e) of the Income Tax Act, based on commercial ties between the companies and lack of benefit to the assessee. Regarding the disallowance of expenses related to exempt income under section 14A read with rule 8D(2)(iii) of the Income Tax Rules, the Tribunal partly allowed the Revenue's appeal, reversing the CIT(A)'s decision and sustaining the disallowance. The Tribunal's judgment relied on previous decisions and legal provisions to provide a reasoned conclusion for each issue. Case-Laws Income Tax Wed, 25 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423016