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Kerala HC Allows Open Remand in Section 2(22)(e) Deemed Dividend Case
Case Law Details
- Case Name
- Dr. K.M. Ashik Vs CIT (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2007-08
- Courts
- All High Courts, Kerala High Court
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Dr. K.M. Ashik Vs CIT (Kerala High Court)
Kerala High Court held that remand by the ITAT regarding additions under Section 2(22)(e) of the Income Tax Act shall be treated as an open remand. The assessee can argue non-applicability of Section 2(22)(e), and if Section 68 is considered, the assessee must be given a fair opportunity to explain cash credits.
The Kerala High Court recently disposed of appeals filed by an assessee, Dr. K.M. Ashik, challenging a direction from the Income Tax Appellate Tribunal (ITAT) concerning income additions for the assessment years 2007-08, 2011-12, and 2012-13. T...
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