https://www.taxtmi.com/caselaws?id=258490 The Third Member held that payments received by the assessee from Amitech Industries Limited were not deemed dividends under Section 2(22)(e) as they were part of commercial transactions, not loans. However, the addition of Rs. 10 lakhs for share allotment was upheld under Section 2(22)(e) as the shares were allotted based on the assessee's application. The appeal was partly allowed, modifying the CIT(A)'s order accordingly. en-us Thu, 08 Jan 2015 00:00:00 +0530 Sat, 11 Apr 2015 01:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258490 The Third Member held that payments received by the assessee from Amitech Industries Limited were not deemed dividends under Section 2(22)(e) as they were part of commercial transactions, not loans. However, the addition of Rs. 10 lakhs for share allotment was upheld under Section 2(22)(e) as the shares were allotted based on the assessee's application. The appeal was partly allowed, modifying the CIT(A)'s order accordingly. Case-Laws Income Tax Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258490