https://www.taxtmi.com/caselaws?id=774187 Telangana HC ruled in favor of the assessee regarding deemed dividend provisions under section 2(22)(e). The court held that payments made by appellant to parent company in normal course of business would not constitute advances treated as dividend. The decision was supported by Punjab and Haryana HC precedent, which SC had declined to interfere with. CBDT Circular No.19 of 2017 subsequently clarified that trade advances in commercial transactions fall outside section 2(22)(e) scope. The court found ITAT's remand order unnecessary and any consequential orders detrimental to assessee would be invalid. en-us Tue, 24 Jun 2025 00:00:00 +0530 Tue, 01 Jul 2025 14:31:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774187 Telangana HC ruled in favor of the assessee regarding deemed dividend provisions under section 2(22)(e). The court held that payments made by appellant to parent company in normal course of business would not constitute advances treated as dividend. The decision was supported by Punjab and Haryana HC precedent, which SC had declined to interfere with. CBDT Circular No.19 of 2017 subsequently clarified that trade advances in commercial transactions fall outside section 2(22)(e) scope. The court found ITAT's remand order unnecessary and any consequential orders detrimental to assessee would be invalid. Case-Laws Income Tax Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774187