https://www.taxtmi.com/caselaws?id=352595 The High Court interpreted Section 2(22)(e) of the Income Tax Act, ruling in favor of the assessees and rejecting the Revenue's appeal. The court clarified that certain payments are taxable only in the hands of the shareholder, aligning with legislative intent. The decision emphasized compliance with tax laws and prevented tax evasion through profit distribution mechanisms other than dividends, in line with established judicial precedents and the Ankitech Pvt. Ltd. case. en-us Wed, 06 Dec 2017 00:00:00 +0530 Sun, 17 Dec 2017 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352595 The High Court interpreted Section 2(22)(e) of the Income Tax Act, ruling in favor of the assessees and rejecting the Revenue's appeal. The court clarified that certain payments are taxable only in the hands of the shareholder, aligning with legislative intent. The decision emphasized compliance with tax laws and prevented tax evasion through profit distribution mechanisms other than dividends, in line with established judicial precedents and the Ankitech Pvt. Ltd. case. Case-Laws Income Tax Wed, 06 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352595