https://www.taxtmi.com/caselaws?id=308033 The Tribunal upheld the Revenue's appeal, determining that the amount received was considered a loan/advance rather than an Inter Corporate Deposit, thus taxable as deemed dividend under section 2(22)(e) of the Income Tax Act. The Tribunal emphasized the need for consistency in judicial decisions, rejecting the assessee's arguments and directing the Assessing Officer to address any computation corrections in subsequent proceedings. The decision was rendered on 12th August 2022. en-us Fri, 12 Aug 2022 00:00:00 +0530 Wed, 05 Jul 2023 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308033 The Tribunal upheld the Revenue's appeal, determining that the amount received was considered a loan/advance rather than an Inter Corporate Deposit, thus taxable as deemed dividend under section 2(22)(e) of the Income Tax Act. The Tribunal emphasized the need for consistency in judicial decisions, rejecting the assessee's arguments and directing the Assessing Officer to address any computation corrections in subsequent proceedings. The decision was rendered on 12th August 2022. Case-Laws Income Tax Fri, 12 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308033