https://www.taxtmi.com/caselaws?id=55769 The case involved issues regarding the applicability of deemed dividend under section 2(22)(e), addition of unexplained cash credits under section 68, disallowance of interest on deemed dividend, and levy of interest under sections 234B/234C. The Tribunal partly allowed the appeals, remanding the deemed dividend issue for recalculating accumulated profits, upholding the addition of unexplained cash credits, dismissing the disallowance of interest on deemed dividend as infructuous, and remanding the levy of interest under sections 234B/234C for a fresh decision. en-us Thu, 27 Dec 2001 00:00:00 +0530 Mon, 29 Nov 2010 19:03:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55769 The case involved issues regarding the applicability of deemed dividend under section 2(22)(e), addition of unexplained cash credits under section 68, disallowance of interest on deemed dividend, and levy of interest under sections 234B/234C. The Tribunal partly allowed the appeals, remanding the deemed dividend issue for recalculating accumulated profits, upholding the addition of unexplained cash credits, dismissing the disallowance of interest on deemed dividend as infructuous, and remanding the levy of interest under sections 234B/234C for a fresh decision. Case-Laws Income Tax Thu, 27 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55769