Court Affirms ITAT's Dismissal of Revenue's Appeal on Reopening Assessment u/s 147 and Deemed Dividend Issue.

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....Reopening of assessment u/s 147 - Reliance on audit objections - deemed dividend addition u/s 2(22)(e) - This Court, on an independent application of mind and on thorough consideration of material aspects and legal position, is of the considered view that there is no error or infirmity in the reasons assigned by the ITAT in dismissing the appeal filed by the Revenue....