https://www.taxtmi.com/caselaws?id=783314 ITAT Ahmedabad allowed the assessee's appeal, holding the addition under s.2(22)(e) as invalid both on legal and factual grounds. It held that in a limited scrutiny, the AO could not examine or make addition on the issue of deemed dividend without obtaining prior approval for conversion to complete scrutiny; hence the assessment on that issue was without jurisdiction and bad in law. On merits, it found no deemed dividend since the bank had unilaterally passed and immediately reversed the entries, the assessee neither requested nor utilized the sums, and no loan or advance from the company to the assessee existed. en-us Tue, 09 Dec 2025 00:00:00 +0530 Sat, 13 Dec 2025 08:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783314 ITAT Ahmedabad allowed the assessee's appeal, holding the addition under s.2(22)(e) as invalid both on legal and factual grounds. It held that in a limited scrutiny, the AO could not examine or make addition on the issue of deemed dividend without obtaining prior approval for conversion to complete scrutiny; hence the assessment on that issue was without jurisdiction and bad in law. On merits, it found no deemed dividend since the bank had unilaterally passed and immediately reversed the entries, the assessee neither requested nor utilized the sums, and no loan or advance from the company to the assessee existed. Case-Laws Income Tax Tue, 09 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783314