https://www.taxtmi.com/caselaws?id=435716 The Tribunal allowed the appeal, concluding that the fund transfers between the related companies were for business exigencies and did not constitute deemed dividend income under Section 2(22)(e) of the Income Tax Act, 1961. Consequently, the addition of Rs. 16,00,000/- made by the Assessing Officer and upheld by the CIT(A) was deleted. en-us Wed, 15 Mar 2023 00:00:00 +0530 Fri, 20 Dec 2024 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435716 The Tribunal allowed the appeal, concluding that the fund transfers between the related companies were for business exigencies and did not constitute deemed dividend income under Section 2(22)(e) of the Income Tax Act, 1961. Consequently, the addition of Rs. 16,00,000/- made by the Assessing Officer and upheld by the CIT(A) was deleted. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435716