https://www.taxtmi.com/caselaws?id=344604 The Tribunal held that the assessment of deemed dividend under Section 2(22)(e) of the Income Tax Act could not be made in the hands of the assessee company, which received a loan from another company with common shareholders. Since the assessee company was neither a registered nor a beneficial shareholder of the lending company, the assessment should be made only in the hands of the registered shareholder. The Tribunal set aside the lower authorities' orders and deleted the addition made by the Assessing Officer, allowing the appeal of the assessee. en-us Wed, 31 May 2017 00:00:00 +0530 Wed, 21 Jun 2017 09:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344604 The Tribunal held that the assessment of deemed dividend under Section 2(22)(e) of the Income Tax Act could not be made in the hands of the assessee company, which received a loan from another company with common shareholders. Since the assessee company was neither a registered nor a beneficial shareholder of the lending company, the assessment should be made only in the hands of the registered shareholder. The Tribunal set aside the lower authorities' orders and deleted the addition made by the Assessing Officer, allowing the appeal of the assessee. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344604