https://www.taxtmi.com/caselaws?id=181154 The Delhi HC dismissed an appeal concerning the treatment of loans as deemed dividend under Section 2(22)(e) of the Income Tax Act. The court affirmed the deletion of the additions, ruling that the amount received constituted share application money, not a loan or advance. The appeal was consequently dismissed. en-us Wed, 27 Apr 2011 00:00:00 +0530 Fri, 08 Apr 2016 12:22:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181154 The Delhi HC dismissed an appeal concerning the treatment of loans as deemed dividend under Section 2(22)(e) of the Income Tax Act. The court affirmed the deletion of the additions, ruling that the amount received constituted share application money, not a loan or advance. The appeal was consequently dismissed. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181154