https://www.taxtmi.com/caselaws?id=780992 ITAT CHANDIGARH affirmed CIT (Appeals)'s deletion of a protective addition under s.2(22)(e), holding that receipts of Rs. 18.08 Cr from an associated company were contributions for a group project and constituted bona fide business transactions rather than deemed dividends. The tribunal noted payment of over Rs.1 crore interest and reliance on CBDT guidance and sub-clause (ii) of s.2(22)(e) to treat the receipts as non-dividend. Revenue's appeal was dismissed. en-us Mon, 06 Oct 2025 00:00:00 +0530 Fri, 07 Nov 2025 16:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780992 ITAT CHANDIGARH affirmed CIT (Appeals)'s deletion of a protective addition under s.2(22)(e), holding that receipts of Rs. 18.08 Cr from an associated company were contributions for a group project and constituted bona fide business transactions rather than deemed dividends. The tribunal noted payment of over Rs.1 crore interest and reliance on CBDT guidance and sub-clause (ii) of s.2(22)(e) to treat the receipts as non-dividend. Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 06 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780992