https://www.taxtmi.com/caselaws?id=181431 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee in a case involving the interpretation of section 2(22)(e) of the IT Act. The Tribunal held that the provisions of section 2(22)(e) were not applicable as the assessee company did not have shareholding in the loan provider company. This decision overturned the lower authorities' orders and allowed the appeal, based on a precedent emphasizing the importance of shareholding in determining the application of section 2(22)(e). en-us Fri, 16 Dec 2011 00:00:00 +0530 Sat, 16 Apr 2016 17:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181431 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee in a case involving the interpretation of section 2(22)(e) of the IT Act. The Tribunal held that the provisions of section 2(22)(e) were not applicable as the assessee company did not have shareholding in the loan provider company. This decision overturned the lower authorities' orders and allowed the appeal, based on a precedent emphasizing the importance of shareholding in determining the application of section 2(22)(e). Case-Laws Income Tax Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181431