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2016 (3) TMI 313 - AT - Income TaxDeemed dividend u/s 2(22)(e) - Held that:- Respectfully following the decision of the co-ordinate bench of this Tribunal in the assessee’s own case for Asst. year 2010-11 wherein the ratio of the decision of the Hon’ble Bombay High Court in the case of Universal Medicare Pvt. Ltd. (2010 (3) TMI 323 - BOMBAY HIGH COURT ) was followed, we set aside the order of the Ld. CIT(A) on this issue and direct the AO to delete the addition of ₹ 26,21,073/- made in the hands of the assessee on the ground that such dividend could not be taxed in the hands of the assessee as it was not a shareholder in M/s. Tainwala Holdings Pvt. Ltd..- Decided in favour of assessee
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