https://www.taxtmi.com/caselaws?id=334376 The appeal challenging the Income Tax Appellate Tribunal's order under Section 260A of the Income Tax Act, 1961 for the Assessment Year 2005-06, regarding funds received by the assessee company from related companies, was dismissed. The Tribunal held that the loans received did not qualify as deemed dividend under Section 2(22)(e) as the respondent company was not a shareholder of the lending companies. Shareholding was deemed crucial in determining taxability under Section 2(22)(e). The appeal was dismissed without costs, emphasizing the significance of shareholding in such tax matters. en-us Mon, 28 Mar 2016 00:00:00 +0530 Sat, 18 Nov 2017 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334376 The appeal challenging the Income Tax Appellate Tribunal's order under Section 260A of the Income Tax Act, 1961 for the Assessment Year 2005-06, regarding funds received by the assessee company from related companies, was dismissed. The Tribunal held that the loans received did not qualify as deemed dividend under Section 2(22)(e) as the respondent company was not a shareholder of the lending companies. Shareholding was deemed crucial in determining taxability under Section 2(22)(e). The appeal was dismissed without costs, emphasizing the significance of shareholding in such tax matters. Case-Laws Income Tax Mon, 28 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334376