Court Rules Transaction as Commercial, Not Loan, u/s 2(22)(e) of Income Tax Act; No Additional Tax Imposed. https://www.taxtmi.com/highlights?id=14515 Deemed dividend u/s 2(22)(e) - Disallowance u/s 56 rws 2(22)(e) - Commercial transaction versus loan or advances - the assessee has demonstrated that the amount was received for the purpose of commercial transaction. - no addition - AT en-us Mon, 16 Sep 2013 10:46:52 +0530 Mon, 16 Sep 2013 10:46:52 +0530 TaxTMI RSS Generator Court Rules Transaction as Commercial, Not Loan, u/s 2(22)(e) of Income Tax Act; No Additional Tax Imposed. https://www.taxtmi.com/highlights?id=14515 Deemed dividend u/s 2(22)(e) - Disallowance u/s 56 rws 2(22)(e) - Commercial transaction versus loan or advances - the assessee has demonstrated that the amount was received for the purpose of commercial transaction. - no addition - AT Highlights Income Tax Mon, 16 Sep 2013 10:46:52 +0530 https://www.taxtmi.com/highlights?id=14515