https://www.taxtmi.com/caselaws?id=211302 The court dismissed the appeal, upholding the deletion of the addition made under Section 2(22)(e) of the Income-tax Act. It was found that the loan from M/s Ankur Agro Pvt. Ltd to the assessee should not be treated as a dividend as the assessee was not a shareholder of the lending company. Even though the shareholders were common, the court emphasized the legal separation between the assessee and its shareholders, leading to the conclusion that the loan transaction did not fall under Section 2(22)(e) of the Act. en-us Wed, 28 Sep 2011 00:00:00 +0530 Tue, 13 Mar 2012 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211302 The court dismissed the appeal, upholding the deletion of the addition made under Section 2(22)(e) of the Income-tax Act. It was found that the loan from M/s Ankur Agro Pvt. Ltd to the assessee should not be treated as a dividend as the assessee was not a shareholder of the lending company. Even though the shareholders were common, the court emphasized the legal separation between the assessee and its shareholders, leading to the conclusion that the loan transaction did not fall under Section 2(22)(e) of the Act. Case-Laws Income Tax Wed, 28 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211302