https://www.taxtmi.com/caselaws?id=304943 The Tribunal dismissed the appeal, affirming the assessment's validity under Section 153A of the Income Tax Act. It upheld the disallowance of the claimed business loss due to lack of business activity and confirmed the addition of deemed dividend under Section 2(22)(e). The Tribunal also rejected the challenge to interest charges under Sections 234A, 234B, and 234C, deeming them consequential. en-us Fri, 11 Jan 2019 00:00:00 +0530 Fri, 20 Dec 2024 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304943 The Tribunal dismissed the appeal, affirming the assessment's validity under Section 153A of the Income Tax Act. It upheld the disallowance of the claimed business loss due to lack of business activity and confirmed the addition of deemed dividend under Section 2(22)(e). The Tribunal also rejected the challenge to interest charges under Sections 234A, 234B, and 234C, deeming them consequential. Case-Laws Income Tax Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304943