https://www.taxtmi.com/caselaws?id=59613 The Tribunal dismissed all three appeals, upholding the CIT(A)'s decisions on the taxability of the deemed dividend under section 2(22)(e) of the Income-tax Act. The Tribunal rejected the claims for exemption under section 10(33) and adjustment of previously taxed deemed dividend, affirming that repayment of a loan previously treated as deemed dividend cannot be adjusted against a fresh loan. en-us Mon, 24 Jul 2006 00:00:00 +0530 Mon, 16 Jul 2012 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59613 The Tribunal dismissed all three appeals, upholding the CIT(A)'s decisions on the taxability of the deemed dividend under section 2(22)(e) of the Income-tax Act. The Tribunal rejected the claims for exemption under section 10(33) and adjustment of previously taxed deemed dividend, affirming that repayment of a loan previously treated as deemed dividend cannot be adjusted against a fresh loan. Case-Laws Income Tax Mon, 24 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59613