2015 (7) TMI 252 - HC - Income Tax

Rectification of order - Held that - The words against the assessee in favour of the department be deleted and the words in favour of the assessee and against the department be substituted. 2015 (7) TMI 253 - GUJARAT HIGH COURT The deposit received by the assessee of Rs. 25 lacs from Amigo Brushes Pvt Ltd. was an intercorporate deposit and not a deemed dividend - Decided in favour of assessee.

Summary

The Gujarat High Court corrected a mistake in an order, changing the ruling to be "in favor of the assessee and against the department." The application for Speaking to Minutes was disposed of.