https://www.taxtmi.com/caselaws?id=179786 The revenue's appeal against the addition of deemed dividend u/s 2(22)(e) in the Assessment Year 2006-07 was dismissed by the ITAT Delhi. It was held that deemed dividend should be taxed in the hands of a shareholder in the lender company, not the borrower. The decision of the Ld. CIT(A) to delete the addition of deemed dividend was affirmed, emphasizing the Special Bench precedent over other tribunal rulings. en-us Thu, 08 Jul 2010 00:00:00 +0530 Wed, 09 Mar 2016 18:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179786 The revenue's appeal against the addition of deemed dividend u/s 2(22)(e) in the Assessment Year 2006-07 was dismissed by the ITAT Delhi. It was held that deemed dividend should be taxed in the hands of a shareholder in the lender company, not the borrower. The decision of the Ld. CIT(A) to delete the addition of deemed dividend was affirmed, emphasizing the Special Bench precedent over other tribunal rulings. Case-Laws Income Tax Thu, 08 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179786