https://www.taxtmi.com/caselaws?id=186102 The Tribunal upheld the decision of the ld. CIT(A) to delete the additions made u/s 2(22)(e) of the Income-tax Act, 1961, for Assessment Year 2007-08. The appeal by the revenue was dismissed as the conditions of Sec 2(22)(e) regarding shareholding were not met, and loans and advances could not be taxed as deemed dividends. The cross objection was also dismissed as infructuous, resulting in the overall dismissal of both the revenue's appeal and the assessee's cross objections. en-us Fri, 11 Feb 2011 00:00:00 +0530 Wed, 07 Sep 2016 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186102 The Tribunal upheld the decision of the ld. CIT(A) to delete the additions made u/s 2(22)(e) of the Income-tax Act, 1961, for Assessment Year 2007-08. The appeal by the revenue was dismissed as the conditions of Sec 2(22)(e) regarding shareholding were not met, and loans and advances could not be taxed as deemed dividends. The cross objection was also dismissed as infructuous, resulting in the overall dismissal of both the revenue's appeal and the assessee's cross objections. Case-Laws Income Tax Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186102