Trade advance given to give effect to a commercial transaction can not be treated as deemed dividend

HIGH COURT OF DELHI AT NEW DELHI Judgment delivered on : 14.05.2009  ITA No 1130/2007 COMMISSIONER OF INCOME TAX  versus SHRI RAJ KUMAR  CORAM :- HON’BLE MR JUSTICE VIKRAMAJIT SEN HON’BLE MR JUSTICE RAJIV SHAKDHER 1. Whether the Reporters of local papers may be allowed to see the judgment ? Yes 2. To be referred to Reporters or not ? 3. Whether the judgment should be reported Yes in the Digest ? RAJIV SHAKDHER, J 1. This is an appeal preferred by the Revenue under Section 260A of the Income Tax Act, 1961 (hereinafter referred to as the „Act‟) against the ...