https://www.taxtmi.com/caselaws?id=258756 The High Court of Calcutta affirmed the decision of the Income Tax Appellate Tribunal to delete the addition made by the Assessing Officer under Section 2(22)(e) of the Income Tax Act, 1961 for the Assessment Year 2001-02. The court ruled against the revenue, stating that the provisions of the Companies Act, 1956 were applicable in this case, and it was not established that dividend was declared from the share premium, as argued by the appellant. The appeal was dismissed based on these findings. en-us Wed, 08 Apr 2015 00:00:00 +0530 Mon, 20 Apr 2015 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258756 The High Court of Calcutta affirmed the decision of the Income Tax Appellate Tribunal to delete the addition made by the Assessing Officer under Section 2(22)(e) of the Income Tax Act, 1961 for the Assessment Year 2001-02. The court ruled against the revenue, stating that the provisions of the Companies Act, 1956 were applicable in this case, and it was not established that dividend was declared from the share premium, as argued by the appellant. The appeal was dismissed based on these findings. Case-Laws Income Tax Wed, 08 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258756