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2015 (12) TMI 1371 - AT - Income TaxDeemed dividend made under section 2(22)(e) - CIT(A) deleted the addition - Held that:- CIT(A) has appreciated the fact that the amount given by M/s ADJPL to M/s DJPL was in connection with a commercial transaction involving purchase of a property. It is further fortified by the fact that it is not shown by the AO that the assessee herein did receive any benefit out of it. The explanations of the assessee were duly supported by the documentary evidences. During the course of appellate proceedings, the Ld CIT(A) has also called for a remand report from the AO. But the assessing officer could not contradict these factual aspects in his remand report. Under these set of facts, we are of the view that the decision rendered by Ld CIT(A) does not call for any interference. - Decided against revenue
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