https://www.taxtmi.com/caselaws?id=469715 Transactions reflected a running current account with frequent receipts and payments, not a pure loan account, so the receipt was not treated as deemed dividend under section 2(22)(e) of the Income-tax Act, 1961. The same pattern of dealings had already been held outside section 2(22)(e) in the assessee's earlier year, and no distinguishing facts or contrary binding authority were shown. On that basis, the addition was held unsustainable and was deleted. en-us Thu, 20 Jun 2019 00:00:00 +0530 Tue, 30 Jun 2026 17:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469715 Transactions reflected a running current account with frequent receipts and payments, not a pure loan account, so the receipt was not treated as deemed dividend under section 2(22)(e) of the Income-tax Act, 1961. The same pattern of dealings had already been held outside section 2(22)(e) in the assessee's earlier year, and no distinguishing facts or contrary binding authority were shown. On that basis, the addition was held unsustainable and was deleted. Case-Laws Income Tax Thu, 20 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469715