https://www.taxtmi.com/caselaws?id=179789 The Tribunal's decision to delete the addition of deemed dividend under Section 2(22)(e) of the Income Tax Act was upheld by the High Court. The Tribunal found that the trust deed transferring shares was genuine, and the assessee did not retain beneficial ownership, thus Section 2(22)(e) did not apply. The High Court held that the Tribunal's conclusions were not perverse, dismissing the appeal by the Revenue. en-us Mon, 29 Apr 2013 00:00:00 +0530 Wed, 09 Mar 2016 18:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179789 The Tribunal's decision to delete the addition of deemed dividend under Section 2(22)(e) of the Income Tax Act was upheld by the High Court. The Tribunal found that the trust deed transferring shares was genuine, and the assessee did not retain beneficial ownership, thus Section 2(22)(e) did not apply. The High Court held that the Tribunal's conclusions were not perverse, dismissing the appeal by the Revenue. Case-Laws Income Tax Mon, 29 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179789