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![No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Commercial-Transaction-Loan-Taxscan.jpg "No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]")
No addition since Assessee furnished Identity of Creditors and Entire Loan transaction was done through Regular Banking Channel: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) recently held that addition under section 69A of the Income Tax Act, 1961 cannot be...
Loan to Directors for Purchase of Land is not ‘Deemed Dividend’ since the Land was Transferred to the Company: ITAT [Read Order]
The Income Tax Appellate Tribunal, Visakhapatnam, recently ruled that advances given to the directors of a Company for purchase of land cannot be treated as ‘deemed dividend’ under section 2(22)(e) of...
![Loan to Directors for Purchase of Land is not ‘Deemed Dividend’ since the Land was Transferred to the Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Loan-Taxscan.jpg "Loan to Directors for Purchase of Land is not ‘Deemed Dividend’ since the Land was Transferred to the Company: ITAT [Read Order]")
Loan from a Company wherein the Partners of the Firm are Shareholders is not ‘Deemed Dividend’, Not Taxable in the hands of Firm: ITAT Delhi [Read Order]
In Business Strategy Group v. ACIT, the ITAT, Delhi held that the loan obtained from a Company wherein the partners of the Assessee-Firm are the shareholders cannot be termed as ‘deemed dividend’ of...