https://www.taxtmi.com/caselaws?id=325270 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition under section 2(22)(e) of the Income Tax Act, 1961 in the Revenue's appeal. It held that deemed dividend under section 2(22)(e) can only be taxed in the hands of registered shareholders of the lender company, not non-registered shareholders. The Tribunal dismissed the Revenue's appeal and the Assessee's Cross Objection, which was withdrawn during the hearing. en-us Wed, 10 Feb 2016 00:00:00 +0530 Tue, 15 Mar 2016 13:58:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325270 The Tribunal upheld the Ld. CIT(A)'s decision to delete the addition under section 2(22)(e) of the Income Tax Act, 1961 in the Revenue's appeal. It held that deemed dividend under section 2(22)(e) can only be taxed in the hands of registered shareholders of the lender company, not non-registered shareholders. The Tribunal dismissed the Revenue's appeal and the Assessee's Cross Objection, which was withdrawn during the hearing. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325270