https://www.taxtmi.com/caselaws?id=441537 The Court remanded the case to the ITAT for reconsideration regarding the treatment of a loan as deemed dividend under Section 2(22)(e) of the Income Tax Act. The order confirming the deletion of the addition of Rs.8,52,05,481 was set aside, and the matter was reopened for clarification on the loan transactions between the shareholder and the company. The Court did not address the main legal question raised by the Revenue, and no costs were awarded due to the remand. en-us Mon, 09 Jan 2023 00:00:00 +0530 Fri, 11 Aug 2023 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441537 The Court remanded the case to the ITAT for reconsideration regarding the treatment of a loan as deemed dividend under Section 2(22)(e) of the Income Tax Act. The order confirming the deletion of the addition of Rs.8,52,05,481 was set aside, and the matter was reopened for clarification on the loan transactions between the shareholder and the company. The Court did not address the main legal question raised by the Revenue, and no costs were awarded due to the remand. Case-Laws Income Tax Mon, 09 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441537