Income Tax Act | Assessee Entitled to Challenge Cash Credit Addition Under Section 68 During Remand Proceedings; Tribunal’s Direction Not Binding: Kerala High Court
The High Court of Kerala at Ernakulam, in a judgment delivered on 07 October 2025, dealt with a set of connected income tax appeals filed by Dr. K.M. Ashik, aged 54, residing at 10B, Skyline Palace Heights, Jawahar Nagar, Kozhikode, challenging the treatment of certain amounts received from a private limited company as "deemed dividends" under Section 2(22)(e) of the Income Tax Act, 1961. The judgment, delivered by Justice A.…
