https://www.taxtmi.com/highlights?id=76447 Deemed dividend u/s 2(22)(e) - The AO held that loans received by the assessee from the Company constituted deemed dividends. However, the Appellate Tribunal found that there were no withdrawals of loans during the relevant year, leading to the conclusion that the additions proposed by the Assessing Officer were unwarranted. Consequently, the Tribunal ruled in favor of the assessee and deleted the proposed additions. en-us Mon, 08 Apr 2024 08:52:44 +0530 Mon, 08 Apr 2024 08:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76447 Deemed dividend u/s 2(22)(e) - The AO held that loans received by the assessee from the Company constituted deemed dividends. However, the Appellate Tribunal found that there were no withdrawals of loans during the relevant year, leading to the conclusion that the additions proposed by the Assessing Officer were unwarranted. Consequently, the Tribunal ruled in favor of the assessee and deleted the proposed additions. Highlights Income Tax Mon, 08 Apr 2024 08:52:44 +0530 https://www.taxtmi.com/highlights?id=76447