https://www.taxtmi.com/caselaws?id=352100 The court examined the applicability of Section 2(22)(e) of the Income Tax Act in a case involving a disputed amount treated as deemed dividend. The Tribunal ruled in favor of the assessee, holding that as the cheque issued was never encashed, there was no actual payment, and thus, Section 2(22)(e) did not apply. Emphasizing the need for a physical transfer of money, the court dismissed the appeal, affirming that the provision operates on actual, not notional, payments. en-us Fri, 01 Dec 2017 00:00:00 +0530 Thu, 07 Dec 2017 08:44:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352100 The court examined the applicability of Section 2(22)(e) of the Income Tax Act in a case involving a disputed amount treated as deemed dividend. The Tribunal ruled in favor of the assessee, holding that as the cheque issued was never encashed, there was no actual payment, and thus, Section 2(22)(e) did not apply. Emphasizing the need for a physical transfer of money, the court dismissed the appeal, affirming that the provision operates on actual, not notional, payments. Case-Laws Income Tax Fri, 01 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352100