https://www.taxtmi.com/caselaws?id=433033 The High Court ruled in favor of the Assessee, determining that the deemed dividend should be taxed in the hands of the individual director of the company and not in the hands of the appellant firm. The Court upheld the Commissioner's decision, setting aside the Income Tax Appellate Tribunal's order and disposing of the appeal accordingly. en-us Tue, 10 Jan 2023 00:00:00 +0530 Fri, 11 Aug 2023 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433033 The High Court ruled in favor of the Assessee, determining that the deemed dividend should be taxed in the hands of the individual director of the company and not in the hands of the appellant firm. The Court upheld the Commissioner's decision, setting aside the Income Tax Appellate Tribunal's order and disposing of the appeal accordingly. Case-Laws Income Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433033