The Asst. Commissioner of Income Tax, Corporate Circle-1(1), Chennai. Vs. M/s. Amtex Info Solutions Pvt. Ltd.

Parties Involved

Facts Summary

The appeal filed by the Revenue for Assessment Year 2013-14 arises out of the order of the Learned Commissioner of Income Tax (Appeals) dated 12.12.2017 in the matter of assessment framed by the Assessing Officer on 30.03.2016. The Revenue raised several grounds of appeal, including the deletion of the addition made by the Assessing Officer treating the loan received by the assessee as deemed dividend under section 2(22)(e) of the Act and the disallowance of employees' contribution to PF & ESI not paid before the due date prescribed under the relevant statute.…

Legal Issues

• 1. Deletion of addition on account of deemed dividend amounting to Rs. 6,56,54,278/-.
• 2. Deletion of disallowance of employees' contribution to PF & ESI amounting to Rs. 1,05,750/-.

Judgment Outcome

Decided in favour of Revenue.

Precedents Relied Upon

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