2020 (1) TMI 1513

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...., Sr. D.R., ORDER These two assessee's appeals for same assessment year 2015-16 arise against the learned Commissioner of Income Tax (Appeals)-11, Kolkata's separate orders; both dated 31.07.2019, passed in case Nos. CIT(A),Kolkata-11/10193/2017-18 and No. CIT(A),Kolkata11/10199/2017-18, upholding the Assessing Officer's identical action making section 2(22)(e) deemed dividend addition(s) ....

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....the above stated company had purchased land(s) in their names and got them registered as their personal holdings. This made the Assessing Officer to treat the sums involved in land transaction as deemed dividend income as upheld in the identical lower authorities discussion. 3. Both parties reiterated their respective stands during the course of hearing. Smt. Biswas strongly supported the CIT(A)'....