https://www.taxtmi.com/caselaws?id=427918 The Tribunal upheld the Commissioner of Income Tax (Appeals)-1, Chandigarh's orders on both issues. The appellant's challenge to the order for assessment year 2013-14 was dismissed due to non-appearance. Share application money was deemed dividend under section 2(22)(e), and the Tribunal upheld this decision, rejecting the appellant's explanations. The disallowance of depreciation on sewing machines was also upheld, citing discrepancies in machine usage timing and lack of substantial evidence. The appeal was dismissed by the Tribunal on both grounds. en-us Tue, 12 Jul 2022 00:00:00 +0530 Tue, 20 Sep 2022 08:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427918 The Tribunal upheld the Commissioner of Income Tax (Appeals)-1, Chandigarh's orders on both issues. The appellant's challenge to the order for assessment year 2013-14 was dismissed due to non-appearance. Share application money was deemed dividend under section 2(22)(e), and the Tribunal upheld this decision, rejecting the appellant's explanations. The disallowance of depreciation on sewing machines was also upheld, citing discrepancies in machine usage timing and lack of substantial evidence. The appeal was dismissed by the Tribunal on both grounds. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427918