https://www.taxtmi.com/caselaws?id=246922 The Tribunal dismissed the revenue's appeal and the assessee's cross objection, affirming the CIT(A)'s decision. The judgment emphasized assessing the substance of transactions over formality, stating that transactions for commercial expediency in the normal course of business did not fall under section 2(22)(e) of the Income-tax Act, 1961. en-us Wed, 09 Apr 2014 00:00:00 +0530 Sat, 26 Apr 2014 16:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246922 The Tribunal dismissed the revenue's appeal and the assessee's cross objection, affirming the CIT(A)'s decision. The judgment emphasized assessing the substance of transactions over formality, stating that transactions for commercial expediency in the normal course of business did not fall under section 2(22)(e) of the Income-tax Act, 1961. Case-Laws Income Tax Wed, 09 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246922