https://www.taxtmi.com/caselaws?id=305979 The Tribunal allowed the assessee's appeal, ruling that the payment received from the company by the director was for business expediency and not deemed dividend under Section 2(22)(e) of the Income Tax Act. The Tribunal directed the Assessing Officer to delete the addition of Rs.10,80,994, emphasizing that the transaction was in the interest of the company's business operations. en-us Tue, 25 Sep 2018 00:00:00 +0530 Tue, 03 Jan 2023 09:46:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305979 The Tribunal allowed the assessee's appeal, ruling that the payment received from the company by the director was for business expediency and not deemed dividend under Section 2(22)(e) of the Income Tax Act. The Tribunal directed the Assessing Officer to delete the addition of Rs.10,80,994, emphasizing that the transaction was in the interest of the company's business operations. Case-Laws Income Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305979