https://www.taxtmi.com/caselaws?id=428974 The Tribunal allowed the appeal, overturning the addition of Rs. 13,52,095/- under section 2(22)(e) of the Income Tax Act. It concluded that the transactions were not deemed dividends as the accounts were current accounts with fluctuating balances, conducted in the ordinary course of business without divesting any company funds. The Tribunal highlighted the provision of all necessary details to authorities and dismissed objections regarding the genuineness of the trading account. en-us Fri, 27 May 2022 00:00:00 +0530 Fri, 14 Oct 2022 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428974 The Tribunal allowed the appeal, overturning the addition of Rs. 13,52,095/- under section 2(22)(e) of the Income Tax Act. It concluded that the transactions were not deemed dividends as the accounts were current accounts with fluctuating balances, conducted in the ordinary course of business without divesting any company funds. The Tribunal highlighted the provision of all necessary details to authorities and dismissed objections regarding the genuineness of the trading account. Case-Laws Income Tax Fri, 27 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428974