https://www.taxtmi.com/caselaws?id=755752 The HC upheld the ITAT's decision, dismissing the Revenue's appeals concerning deemed dividend assessments under Section 2(22)(e) of the Income Tax Act for 2009-2010 and 2011-2012. The Court emphasized that, per the Supreme Court's ruling, assessments cannot be made without incriminating material. The absence of such material during the search led to the dismissal of the appeals, affirming the Tribunal's authority and setting a precedent for the necessity of incriminating evidence in income assessments. The appeals were disposed of with no order as to costs. en-us Wed, 10 Jul 2024 00:00:00 +0530 Thu, 18 Jul 2024 07:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755752 The HC upheld the ITAT's decision, dismissing the Revenue's appeals concerning deemed dividend assessments under Section 2(22)(e) of the Income Tax Act for 2009-2010 and 2011-2012. The Court emphasized that, per the Supreme Court's ruling, assessments cannot be made without incriminating material. The absence of such material during the search led to the dismissal of the appeals, affirming the Tribunal's authority and setting a precedent for the necessity of incriminating evidence in income assessments. The appeals were disposed of with no order as to costs. Case-Laws Income Tax Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755752