https://www.taxtmi.com/caselaws?id=121494 The Tribunal upheld the CIT(A)'s decision, concluding that the assessee-firm was not a registered shareholder of M/s. Jetair Pvt. Ltd., as the shares were held by the partners individually. Consequently, the loans received by the firm could not be treated as deemed dividends under section 2(22)(e) of the Income-tax Act. The additions made by the AO for assessment years 2003-04 and 2004-05 were deleted, and the revenue's appeals were dismissed. en-us Tue, 31 Mar 2009 00:00:00 +0530 Mon, 23 Oct 2023 11:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121494 The Tribunal upheld the CIT(A)'s decision, concluding that the assessee-firm was not a registered shareholder of M/s. Jetair Pvt. Ltd., as the shares were held by the partners individually. Consequently, the loans received by the firm could not be treated as deemed dividends under section 2(22)(e) of the Income-tax Act. The additions made by the AO for assessment years 2003-04 and 2004-05 were deleted, and the revenue's appeals were dismissed. Case-Laws Income Tax Tue, 31 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121494