https://www.taxtmi.com/highlights?id=70771 Addition of deemed dividend u/s 2(22)(e) - business transactions - Received advance from Sister Concern in which assesssee has substantial interest - This was a pure business deal. Since, the project did not mature, therefore, the agreement was cancelled by an exit agreement dated 29.01.2010 and the entire amount was refunded by the assessee - No additions - AT en-us Thu, 06 Jul 2023 08:30:54 +0530 Thu, 06 Jul 2023 13:01:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70771 Addition of deemed dividend u/s 2(22)(e) - business transactions - Received advance from Sister Concern in which assesssee has substantial interest - This was a pure business deal. Since, the project did not mature, therefore, the agreement was cancelled by an exit agreement dated 29.01.2010 and the entire amount was refunded by the assessee - No additions - AT Highlights Income Tax Thu, 06 Jul 2023 08:30:54 +0530 https://www.taxtmi.com/highlights?id=70771