https://www.taxtmi.com/caselaws?id=240192 The Court rejected the Appeal challenging the Order of the Income Tax Appellate Tribunal, ruling that the disputed amount could not be treated as deemed dividend under Section 2(22)(e) of the Income Tax Act. The Tribunal held that deemed dividends cannot be assessed in the hands of a non-shareholder, citing legal precedents. As the Respondent was not a shareholder of the company in question, the additions made by the Assessing Officer were set aside. The Court found no substantial question of law in the case and upheld the Tribunal's decision. en-us Tue, 08 Oct 2013 00:00:00 +0530 Fri, 31 Jan 2014 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240192 The Court rejected the Appeal challenging the Order of the Income Tax Appellate Tribunal, ruling that the disputed amount could not be treated as deemed dividend under Section 2(22)(e) of the Income Tax Act. The Tribunal held that deemed dividends cannot be assessed in the hands of a non-shareholder, citing legal precedents. As the Respondent was not a shareholder of the company in question, the additions made by the Assessing Officer were set aside. The Court found no substantial question of law in the case and upheld the Tribunal's decision. Case-Laws Income Tax Tue, 08 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240192