https://www.taxtmi.com/caselaws?id=306244 The Tribunal upheld the CIT(A)'s decision to tax the deemed dividend in the hands of the individual director with substantial interest in the payer company, rather than the partnership firm. The issue was remitted back to the CIT(A) for further verification and clarification on the source of the shares invested by the director. en-us Tue, 10 Oct 2017 00:00:00 +0530 Thu, 19 Jan 2023 08:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306244 The Tribunal upheld the CIT(A)'s decision to tax the deemed dividend in the hands of the individual director with substantial interest in the payer company, rather than the partnership firm. The issue was remitted back to the CIT(A) for further verification and clarification on the source of the shares invested by the director. Case-Laws Income Tax Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306244