https://www.taxtmi.com/caselaws?id=331613 The tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions in both cases. It emphasized the importance of the assessee's intention at the time of purchase and the consistent treatment of shares as investments in determining the nature of income from share transactions. Furthermore, it clarified that deemed dividend provisions under Section 2(22)(e) apply only to shareholders of the lending company, leading to the decision not to treat the loan as deemed dividend in this case. en-us Fri, 22 Jul 2016 00:00:00 +0530 Mon, 29 Aug 2016 11:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331613 The tribunal dismissed the Revenue's appeals, upholding the CIT(A)'s decisions in both cases. It emphasized the importance of the assessee's intention at the time of purchase and the consistent treatment of shares as investments in determining the nature of income from share transactions. Furthermore, it clarified that deemed dividend provisions under Section 2(22)(e) apply only to shareholders of the lending company, leading to the decision not to treat the loan as deemed dividend in this case. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331613