Tribunal held that since land was purchased for company’s commercial expediency addition cannot be made as deemed dividend in the hands of director. (AY. 2014-15)
Manoj Pati v. ACIT (2022) 192 ITD 120 (Kol.)(Trib.)
S. 2(22)(e) : Deemed dividend-Land purchased in the name of director-Commercial expediency-Addition cannot be made as deemed dividend.