https://www.taxtmi.com/caselaws?id=194163 The High Court of Bombay dismissed four appeals challenging the Income-tax Appellate Tribunal's order regarding assessment years 2002-03, 2004-05, 2005-06, and 2007-08. The court declined to entertain the issue of classifying amounts received as share application by companies as loans and advances under section 2(22)(e) of the Income-tax Act, 1961, based on a previous ruling that found no substantial legal question. The decision was made without awarding specific costs, emphasizing adherence to precedent and legal interpretation principles. en-us Wed, 08 Jun 2016 00:00:00 +0530 Wed, 17 Mar 2021 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194163 The High Court of Bombay dismissed four appeals challenging the Income-tax Appellate Tribunal's order regarding assessment years 2002-03, 2004-05, 2005-06, and 2007-08. The court declined to entertain the issue of classifying amounts received as share application by companies as loans and advances under section 2(22)(e) of the Income-tax Act, 1961, based on a previous ruling that found no substantial legal question. The decision was made without awarding specific costs, emphasizing adherence to precedent and legal interpretation principles. Case-Laws Income Tax Wed, 08 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194163