https://www.taxtmi.com/caselaws?id=310055 The tribunal upheld the decisions of the CIT(A) and the assessing officer on all issues raised by the assessee, resulting in the dismissal of all six appeals. The reassessment was deemed valid under the Income Tax Act, 1961, as there was no 'change of opinion' regarding the issue of dividend income. The dividend income from the cooperative bank was held taxable as it was not subject to dividend distribution tax, and the disallowance of excess interest on unsecured loans to relatives was deemed reasonable and justified. en-us Thu, 21 Dec 2017 00:00:00 +0530 Wed, 04 Oct 2023 20:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310055 The tribunal upheld the decisions of the CIT(A) and the assessing officer on all issues raised by the assessee, resulting in the dismissal of all six appeals. The reassessment was deemed valid under the Income Tax Act, 1961, as there was no 'change of opinion' regarding the issue of dividend income. The dividend income from the cooperative bank was held taxable as it was not subject to dividend distribution tax, and the disallowance of excess interest on unsecured loans to relatives was deemed reasonable and justified. Case-Laws Income Tax Thu, 21 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310055