https://www.taxtmi.com/caselaws?id=771122 ITAT Lucknow dismissed the assessee's appeal challenging disallowance of deemed dividend under section 2(22)(e). The tribunal upheld CIT(A)'s findings, noting that while CIT(A) had considered the assessee's submissions and recorded factual findings on each issue, the assessee failed to provide any rebuttal or supporting evidence. The assessee's absence from proceedings despite multiple opportunities demonstrated lack of interest in prosecuting the appeal, leading to dismissal of all grounds. en-us Tue, 06 May 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771122 ITAT Lucknow dismissed the assessee's appeal challenging disallowance of deemed dividend under section 2(22)(e). The tribunal upheld CIT(A)'s findings, noting that while CIT(A) had considered the assessee's submissions and recorded factual findings on each issue, the assessee failed to provide any rebuttal or supporting evidence. The assessee's absence from proceedings despite multiple opportunities demonstrated lack of interest in prosecuting the appeal, leading to dismissal of all grounds. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771122