https://www.taxtmi.com/caselaws?id=351792 The Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, ruling in favor of the assessee that the sum received as an interest-free loan was not deemed dividend under section 2(22)(e) of the Income Tax Act. The Court found no substantial question of law in the appeal and dismissed it. Additionally, the Court affirmed the Tribunal's deletion of the addition under section 2(22)(e) for the assessment year 2007-08, emphasizing the consistent findings in favor of the assessee and citing settled law precedents. The appeal and stay petition were both dismissed. en-us Mon, 20 Nov 2017 00:00:00 +0530 Thu, 30 Nov 2017 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351792 The Court upheld the decisions of the Commissioner of Income Tax (Appeals) and the Tribunal, ruling in favor of the assessee that the sum received as an interest-free loan was not deemed dividend under section 2(22)(e) of the Income Tax Act. The Court found no substantial question of law in the appeal and dismissed it. Additionally, the Court affirmed the Tribunal's deletion of the addition under section 2(22)(e) for the assessment year 2007-08, emphasizing the consistent findings in favor of the assessee and citing settled law precedents. The appeal and stay petition were both dismissed. Case-Laws Income Tax Mon, 20 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351792