https://www.taxtmi.com/caselaws?id=243581 The High Court dismissed both appeals filed by the Revenue, upholding decisions that loans received by the assessee from a sister concern could not be treated as deemed dividends under Section 2(22)(e) as the assessee was not a registered shareholder of the lending company. The court emphasized that the legal fiction in Section 2(22)(e) only extends to the definition of dividend and not to the definition of shareholder. en-us Mon, 09 Sep 2013 00:00:00 +0530 Sat, 21 Feb 2015 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243581 The High Court dismissed both appeals filed by the Revenue, upholding decisions that loans received by the assessee from a sister concern could not be treated as deemed dividends under Section 2(22)(e) as the assessee was not a registered shareholder of the lending company. The court emphasized that the legal fiction in Section 2(22)(e) only extends to the definition of dividend and not to the definition of shareholder. Case-Laws Income Tax Mon, 09 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243581