https://www.taxtmi.com/caselaws?id=264902 The ITAT upheld the CIT(A)'s decision to delete the addition under sec 2(22)(e) in both appeals, emphasizing the absence of shareholding by the assessee in the lending company as the determining factor. The judgments highlighted the importance of factual analysis, leading to the dismissal of the department's appeals and the corresponding cross objections. en-us Fri, 07 Nov 2014 00:00:00 +0530 Sun, 04 Oct 2015 12:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264902 The ITAT upheld the CIT(A)'s decision to delete the addition under sec 2(22)(e) in both appeals, emphasizing the absence of shareholding by the assessee in the lending company as the determining factor. The judgments highlighted the importance of factual analysis, leading to the dismissal of the department's appeals and the corresponding cross objections. Case-Laws Income Tax Fri, 07 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264902