https://www.taxtmi.com/caselaws?id=186400 The appeal of the revenue against the order of Ld. CIT(A) XIV, Ahmedabad for the assessment year 2008-09 was dismissed. The addition under Section 2(22) (e) of the Act was deleted as the assessee company did not hold the required shares in the loan giver company. The Tribunal upheld the decision based on the interpretation that the receiver of the loan must be a registered and beneficial owner of the shares to trigger Section 2(22) (e). The challenge to the admission of additional evidence and the order of the Assessing Officer was also rejected. en-us Fri, 30 Mar 2012 00:00:00 +0530 Fri, 16 Sep 2016 15:07:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186400 The appeal of the revenue against the order of Ld. CIT(A) XIV, Ahmedabad for the assessment year 2008-09 was dismissed. The addition under Section 2(22) (e) of the Act was deleted as the assessee company did not hold the required shares in the loan giver company. The Tribunal upheld the decision based on the interpretation that the receiver of the loan must be a registered and beneficial owner of the shares to trigger Section 2(22) (e). The challenge to the admission of additional evidence and the order of the Assessing Officer was also rejected. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186400