https://www.taxtmi.com/caselaws?id=5828 For section 2(6A)(e) of the Indian Income-tax Act, 1922, "shareholder" means only a person whose name is entered in the register of shareholders, not a mere beneficial owner. A loan or advance made to a person who is not a registered shareholder does not fall within the deemed dividend provision, even if that person is beneficially entitled to the shares held in another name. The earlier authority was confined to the separate question of who is taxed once deemed dividend is attracted and did not alter this interpretation. The loans therefore could not be assessed as deemed dividend in the assessee's hands. en-us Wed, 05 Dec 1979 00:00:00 +0530 Sat, 20 Jan 2018 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5828 For section 2(6A)(e) of the Indian Income-tax Act, 1922, "shareholder" means only a person whose name is entered in the register of shareholders, not a mere beneficial owner. A loan or advance made to a person who is not a registered shareholder does not fall within the deemed dividend provision, even if that person is beneficially entitled to the shares held in another name. The earlier authority was confined to the separate question of who is taxed once deemed dividend is attracted and did not alter this interpretation. The loans therefore could not be assessed as deemed dividend in the assessee's hands. Case-Laws Income Tax Wed, 05 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5828