https://www.taxtmi.com/caselaws?id=155041 The Appellate Tribunal upheld the Commissioner of Income-tax (Appeals)' decision to delete the addition made u/s 2(22)(e) of the Income-tax Act, 1961 in the case. The Tribunal dismissed the Revenue's appeal, ruling that section 2(22)(e) applied solely to the shareholder, not the appellant-company. The deletion was maintained, directing the Assessing Officer to act against the beneficiaries/shareholders. Ground No. 1 favored the assessee, while Ground Nos. 2 and 3 were considered general. The decision was issued on February 22, 2012. en-us Wed, 22 Feb 2012 00:00:00 +0530 Sat, 31 Aug 2013 11:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155041 The Appellate Tribunal upheld the Commissioner of Income-tax (Appeals)' decision to delete the addition made u/s 2(22)(e) of the Income-tax Act, 1961 in the case. The Tribunal dismissed the Revenue's appeal, ruling that section 2(22)(e) applied solely to the shareholder, not the appellant-company. The deletion was maintained, directing the Assessing Officer to act against the beneficiaries/shareholders. Ground No. 1 favored the assessee, while Ground Nos. 2 and 3 were considered general. The decision was issued on February 22, 2012. Case-Laws Income Tax Wed, 22 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155041