(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) Heard learned Senior Standing counsel for the appellant.
On hearing the argument of learned Senior Standing counsel for the appellant, this appeal is admitted. We formulate the following substantial question of law which arises in this appeal as under :-
"Whether on the facts and in the circumstances of the case, the Tribunal was right in law in reversing the order of the CIT (Appeals) confirming the addition made on account of deemed dividend under Section 2 (22)
(e) of the Act on advance / deposits / loans received by the assessee Company without appreciating the deeming provisions under Section 2 (22) (e) of the Act ?"
Issue notice to the other side. Paper book be filed within 3 months. Connect with Tax Appeal Nos.2035 and 422 of 2010.
Sd/-
[V.
M. SAHAI, J.] Sd/-
[N.
V. ANJARIA, J.] Savariya Top