https://www.taxtmi.com/caselaws?id=304719 The Tribunal dismissed the revenue's appeal against the deletion of an addition under section 2(21)(e) of the Income Tax Act for the Assessment Year 2008-09. The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals), ruling that the provisions of section 2(21)(e) did not apply in this case as the assessee's credit balance in the company did not meet the criteria for deemed dividend. The decision was based on the interpretation of the law and previous court rulings, ensuring consistency with legal principles and precedents. en-us Wed, 24 Jun 2015 00:00:00 +0530 Mon, 17 Oct 2022 18:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304719 The Tribunal dismissed the revenue's appeal against the deletion of an addition under section 2(21)(e) of the Income Tax Act for the Assessment Year 2008-09. The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals), ruling that the provisions of section 2(21)(e) did not apply in this case as the assessee's credit balance in the company did not meet the criteria for deemed dividend. The decision was based on the interpretation of the law and previous court rulings, ensuring consistency with legal principles and precedents. Case-Laws Income Tax Wed, 24 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304719