https://www.taxtmi.com/caselaws?id=221791 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee, holding that the share application money received was not deemed dividend under section 2(22)(e) of the Income Tax Act, 1961. The Tribunal emphasized the importance of the actual nature of the transaction over the mere accounting treatment, ultimately rejecting the Revenue's appeal and upholding the decision of the Commissioner of Income Tax (Appeals). en-us Tue, 31 Jan 2012 00:00:00 +0530 Fri, 24 May 2013 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221791 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee, holding that the share application money received was not deemed dividend under section 2(22)(e) of the Income Tax Act, 1961. The Tribunal emphasized the importance of the actual nature of the transaction over the mere accounting treatment, ultimately rejecting the Revenue's appeal and upholding the decision of the Commissioner of Income Tax (Appeals). Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221791