https://www.taxtmi.com/caselaws?id=180142 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the addition of Rs. 35,50,000 under section 2(22)(e) of the Income-tax Act, 1961. The tribunal concluded that the provisions were inapplicable as the individual in question did not meet the 20% shareholding threshold, thus not holding substantial interest. en-us Mon, 01 May 2006 00:00:00 +0530 Wed, 18 Dec 2024 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180142 The ITAT dismissed the Revenue's appeal, affirming the CIT(A)'s decision to delete the addition of Rs. 35,50,000 under section 2(22)(e) of the Income-tax Act, 1961. The tribunal concluded that the provisions were inapplicable as the individual in question did not meet the 20% shareholding threshold, thus not holding substantial interest. Case-Laws Income Tax Mon, 01 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180142